Today finance ministers from Europe are meeting to give final approval to the Greek bailout which comes after news on Friday that the private creditors had agreed to a debt swap which some credit ratings agency called a default as it was the largest debt restructuring in history but should mean Greece will finally get the money it needs to meet its current debt re-payment. However, with credit rating agency’s stating that Greece has officially defaulted the pressure is still on the EU and the European finance ministers meaning today’s meeting is vital. As we have predicted this issue is unlikely to go away anytime soon and as a result we can expect more volatility for Sterling Euro exchange rates. So, if you need to transfer money abroad then speak to one of our experienced currency brokers who will be able to discuss your currency requirements and all the options available to you.