An attack yesterday in Nice resulted in 84 deaths with many injured after a truck ran through crowds of people. The Euro has reacted to the news.

I would like to take this opportunity to send our thought and prayers from all at currencies.co.uk to the friends and families of the victims of the tragic terrorist attack yesterday in Nice.

At 11pm local time (9pm GMT) yesterday a lorry drove into the crowds at the Bastille celebrations on the promenade. There have so far been 84 deaths confirmed, with a large number of children reported in that figure.

There are a huge number of injured and the death toll is expected to rise as there are still 18 critically injured. The attacks of violence are yet to be claimed however one news agency in France has suggested it was a 31 year old man known to authorities.

State of Emergency Extended

French President Francois Hollande has declared the state of emergency in France will be maintained for a further 3 months. The State of Emergency was put into place after the attacks in Paris at the end of last year, it was expected to be lifted on the 26th July having already been extended once to include the Euro’s and Tour De France.

Hollande speaking after the attack stated “Human rights are being denied by terrorists, France is clearly their target. The nature of terrorism cannot be denied. The perpetrator has been killed, we do not know whether he had any accomplices.”

Terrorism is one of the main causes of market movements and considering the uncertainty in the market coupled with the Brexit there could be major volatility. This morning sterling has already risen to a high of 1.21 as markets respond to yesterday’s attack.

GBPEUR exchange rates are back in the 1.20s, speak to one of our brokers today to make a currency transfer before the weekend on 01494 725 353.

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