Sterling Euro hits 8 year high (Tom Holian)

The Greek crisis is now getting bigger which has seen Sterling Euro exchange rates now hit an 8 year high for buying Euros.

The discussions over this weekend have not ended well and we are now very likely to see a Greek default on their payment due to the IMF tomorrow for EUR1.6bn.

Greece’s PM Alex Tsipras has now scheduled a referendum to take place on July 5th for the Greek people to decide what to do next.

The general rhetoric of the speech was rather Eurozone-negative with the use of the term ‘blackmail’ being used as he does not want to agree to the proposed terms on offer by Europe at the moment.

With such a small amount of time left before the deadline the story will keep changing.

Capital controls have been put in place in Greece with customers only being allowed to withdraw €60 per day with tourists remaining unaffected.

However, the same thing happened in Cyprus in 2013 and it took until April for the issue to be resolved.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank as well as taking advantage of this 8 year high then contact me directly for a free quote. Tom Holian [email protected] 

When emailing me if you would like a quicker response please also provide a contact number.