It was announced yesterday that four of the major Greek banks received a total of €18 billion as part of the recent bailout. Alpha bank, National Bank, Europbank and Piraeus Bank all received a share of these funds which was released by the European Financial Stability Fund (EFSF). The Greek banks are struggling to raise money themselves on the international market as levels of confidence are at an all time low and people are taking money out of the banks which is leaving them in a procarious position which is the reason as to why they need the bailout funds. As a result we have seen Sterling Euro exchange rates push back up close to the recent highs meaning for those clients looking to buy Euros there are some excellent opportunities.

So, if you need to transfer money abroad and are looking for the best exchange rates make sure you speak to one of our experienced currency brokers so they can discuss your requriements and all the options available to you. Call straight through to the trading floor free on 0800 328 5884 or email