Greece Watching The Clock

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It is hard to stray away from the headlines making their way across the internet and broadsheets today. Greece is in austerity mode and with parliament expected to conclude voting at GMT 11:00 today but the publication of these reults may take slightly longer. Ongoing violence in Athens has made the results even more significant and should austerity measures be passed through then rioting is likely to continue.

This has arisen on the back of speculation the ECB will raise interest rates next week. Once again, the Eurozone could have thrown the markets a googly with this one in an attempt to distract us all from the ongoing issues facing Greece at present.

Your broker will be on hand today to run through implications of what a yes/no vote will mean to the euro. I too will be putting together a more in depth report later today discussing the results of the voting in Greece, so sit tight; its an exciting day to be involved in FX.

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