GBPEUR rises to 1.43! Will Greece be in the Euro by Wednesday?

The Euro is clearly in for a tough couple of days as we try to work out just what is around the corner for Greece. The Greeks have clearly decided to play hard ball and negotiations are going to go right down to the wire. I am still hopeful of a deal because I think the alternatives are too problematic. This viewpoint previously shared by many now appears to be losing favour and the next two days will see some major movements on exchange rates including the Euro.

If no deal is reached and Greece leaves the Euro I think the rate could hit 1.45 or 1.50. If a deal is hit GBPEUR should cool back to say 1.36. Such exceptional potential volatility should worry anyone with a large currency transfer to consider as it could cost you greatly.

We are in business to provide a better exchange rate for your international money transfers plus offer key information as to events that might impact your rate. If you are reading this and need to buy or sell Euros soon I would be be most interested to hear from you and offer my thoughts and opinions on the transactions your situation.

My name is Jonathan Watson and in my work as a specialist currency broker I have written numerous articles on the Euro. To learn more please contact me Jonny on [email protected]