Figures yesterday showed that UK unemployment had risen by a further 48,000 people to 2.67 million but despite this news this morning Sterling exchange rates have pushed up with the mid market level breaching the 1.20 level great news for clients looking to buy Euros. The uncertainty in Greece is having a negative impact on euro exchange rates and seems to be outweighing the news that more people in the UK are in unemployment which is only likely to send the UK closer to recession over the coming months.

Currently in Greece there have been further developments and it appears now that Monday could be a crunch day with a final (we have heard that one before!) decision to be made on receiving the next tranche of bailout funds. While the Greeks protest and divides in the government begin to show the chance of Greece leaving the Eurozone appears to be increasing and therefore euro exchange rates are on the up. If you are looking to transfer money abroad and are looking for great exchange rates please contact us today so we can discuss all the options available to you. Our freephone number is 0800 328 5884 or email info@currencies.co.uk.