Greek See-Saw Continues

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Greek debt worries fail to die, as market participants eye the response of key leaders of Greek political parties to demands by international creditors on economic measures. The ongoing tussle in Greek debt talks, coupled with recent strong UK PMI and confidence numbers, have turned the tide in favour of the Pound against the Euro. The robust UK data has made the call for additional stimulus a little trickier for the BoE at its scheduled rate setting meeting on Thursday.

Across the Atlantic, markets were positively surprised by the release of upbeat jobs data on Friday.

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Greek See-Saw Continues

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