Euro: The single currency also sits higher against the US Dollar. The currency pair has mirrored GBP/USD movement with a fairly quiet days trading yesterday. The ongoing Greece situation grabbing most of the headlines with no real resolve yet served. The EU has given Greece 30 days to come up with a deficit control plan. Gains in the past few hours for the Euro see it open at 1.3674 versus the Greenback. The Pound had traded within a 30 pip range against the Euro yesterday. The reluctance to fall below 1.1500 yesterday has been seen this morning with GBP/EUR currently at 1.1496.
- I expect a range today in the GBP/EUR rate of 1.1440 to 1.1550
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