Fears of a Greek Default Shakes Euro

May 29, 2015 10:24 am Published by

Greek Default Concerns Weaken Euro

The news this week that Greece could default on its £1.1Billion bill to the International Monetary Fund led to the value of the Euro weakening once again.

Greece is due to hand over the money in four stages starting in June as part of its settlement for their bail-out in 2011.

Although the Euro has picked back up again towards the end of this week, its position in the market is still vulnerable.

US Dollar Set to Strengthen

The US Dollar rose approximately 10% against most currencies in the last quarter.

Now is a good time to sell your Dollars – especially if you’re buying Pounds or Euros. Positive job data is set to be released later today which should only see the currency strengthen further. Secure your exchange rate with FTT today by booking a Forward Contract or if there is a particular rate you want to achieve you can place an Order.

How to Place an Order

If there’s a certain rate of exchange you want to achieve, save time by placing an Order with FTT. This instructs us to monitor the market 24/7 on your behalf until the rate becomes available. Even if your rate triggers at 3am, you can be assured that won’t miss out because we will automatically book this for you!

Simply login to your account and choose “Tools” to get started.

If you would like any help placing an Order, booking a Forward or advice on when to exchange your currency, get on touch with us via email or call us on +44(0) 203 603 8940.

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This post was written by Kayleigh Driscoll

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