Despite The Protests The Euro Marches On

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As if there was any doubt….Greek parliament successfully pushed through harsh austerity measures in parliament yesterday. The Greek government amongst heavy rioting and numerous planned reactive strikes came to the decision that these harsh national cuts greatly outweighed their only other option, defaulting on their loans.

The market has been spurred on by this vote and has lead to some large movements over the last 24 hours. Unfortunately most of these movements have been at the cost of the pound!

It is a great day for the single currency, purely and simply, a great day.

After the immediate threat of a Greek default was quashed after the austerity vote was successfully past, the euro has been firing on all cylinders.

Euro climbs to a three-week high against the US Dollar on prospects that the European Central Bank will increase interest rates next week.

If you are considering selling euro now, or at some point in the next year, now would be the ideal time to speak to you broker about your options. The 15 month high against sterling may be a temptation to attractive to turn down.

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Despite The Protests The Euro Marches On

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