We are expecting to hear news from the Eurozone today with regard to the new bailout loan from Greece however as this story has been dragging on for so long now and the concern is that there could be further delays. Should we hear the news today that the agreement is in place and the bailout loan has been resolved then we could see a short term boost to euro exchange rates, however if this decision is delayed once again we could see Sterling gain over the course of the day. As there is so much uncertainty in the markets it is near impossible to predict the outcome of the Euro meeting today and as such clients may want to speak to their currency broker today to discuss their options which could help take the risk out of the markets. The meeting is taking place at 2:30 today.
While the Greek debt issue will continue to grab the headlines this week there are some other key economic data releases that could effect your currency transfer including on Tuesday the Reserve Bank of Australia meeting minutes are released as are Canadian retail sales while on Wednesday European purchasing managers index (PMI) is due and then possibly most notably this week is the Bank of England minutes. Finally at the end of the week there is another G20 meeting and UK Gross Domestic Product (GDP) which may raise the issue of a UK recession.
If you are looking for fantastic exchange rates make sure you speak to us at Foreign Currency Direct plc so we can discuss the currency market outlook and all the options available to you. Call us today on 0800 328 5884 or email firstname.lastname@example.org.