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Transferring your Pounds for Euros: Greek election sends Euro plummeting

January 29, 2015 1:35 pm Published by

The recent general election in Greece saw victory for the far-left Syriza party and sent the value of the Euro plummeting to its lowest in 11 years!

The currency dip was due to raised fears about Greece’s future in the Euro as the chief spokesman for the party made it clear the party felt it was unrealistic to expect Greece to repay its huge debt in full and should be halved to GBP 120bn!

German chancellor Angela Merkel has stressed that Germany still wants Greece to remain in the Eurozone but is concerned that if concessions were granted to Greece, other struggling EU members could make similar demands.

With this in mind, it’s the perfect time to sell your Pounds Sterling and purchase Euros. As the currency is at a record low you won’t be spending as many of your hard earned Pounds to buy the Euros you need.

On the flipside, those who need to sell Euros are facing tough decision. Get out now before the currency gets weaker or hold out in the hope it will improve in the coming months.

The friendly Support Team at FTT can help you decide how to manage your currency risk in a volatile market. Our range of free tools and services will help you achieve the best rate available in the market and secure it for up to 12 months.

Contact us today on +44(0) 203 603 8940 or email us for more information.

 

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This post was written by Kayleigh Driscoll

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