Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

EUR review: Western Union

The Euro is under an increasing amount of pressure this morning and at risk of losing last week's gains as investors worry about Greece's ability to win new emergency aid. Greek lawmakers will debate measures today which Prime Minister Alexis Tsipras discussed in Brussels over the weekend. 

GBP/EUR has gained almost 1.3% since falling to a 1-month low last week. Lack of progress this week could raise the prospect of capital controls for Greece as ratings agencies could spook investors with fresh downgrades. 

Political uncertainties come before tomorrow's Euro Zone inflation data which is predicted to show a positive rebound as the ECB's QE kicks-in. 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.