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Posted December 23rd, 2014 by Charles Purdy

Markets focused on Greek Presidential elections

The euro had a relatively quiet day on Monday. Consumer price index figures came out at -10.9, slightly better than the forecast of -11 and significantly better than last month at -11.6. This was a small but positive step for the euro, gaining slightly across the board.

This morning at 7.45 we saw French growth data come out at 0.3% as expected, whilst consumer spending came in short at 0.4% when a reading of 0.5% had been anticipated. These two figures are likely to be the last pieces of market data that are likely to have an effect on the euro before Christmas.

The main story today will be the Greek Presidential elections. Greece will run its second ballot of three to try and elect a president and a failure to do so will spark fears that parliament could be dissolved, general elections would be called and in theory we could be heading for a Greek exit which would cause significant euro weakness..

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency-purchasing strategies

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Posted August 13th, 2010 by Charles Purdy

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Posted May 24th, 2010 by Charles Purdy

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Posted May 21st, 2010 by Charles Purdy

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Posted May 18th, 2010 by Charles Purdy

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Posted May 14th, 2010 by Charles Purdy

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Posted May 13th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 13th May 2010 EUR/GBP – 1.174 After a strong start to the day following the formation of a new government, sterling fell against the US dollar and euro. The pound hit a low of $1.4821/ £1 after opening above $1.5040/ £1. Against the euro, sterling fell from a high of  Continue Reading…

Posted May 12th, 2010 by Charles Purdy

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Posted May 11th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 11th May 2010 EUR/GBP – 1.165 Sterling gained against the US dollar throughout most of yesterday, hitting a high of $1.5054/ £1 as speculation over a deal between the Conservatives and Liberal Democrats helped calm market concerns over the political situation in the UK. Despite being up nearly 1.7% against  Continue Reading…

Posted May 10th, 2010 by Charles Purdy

EUR/GBP Rate & Comments for 10th May 2010 EUR/GBP – 1.143 After a turbulent week for the pound last week, and the most closely fought election for nearly forty years, we are still in store for a turbulent week on the foreign exchange markets. Sterling recovered marginally from Friday morning’s lows against the US dollar  Continue Reading…

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