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Sterling was hurt by the release of the MPC minutes yesterday which seemed to suggest that the possibility of them extending QE had increased…read more

he Pound has continued to push higher against the Euro, almost touching 1.1550 overnight, although it has fallen back to sit just above 1.15 this morning. The Euro has continued to struggle, and Greek spreads have continued to widen, even as Greek officials meet with the EU and the IMF to hammer out the details of the proposed bailout…

02The skies have finally been cleared for flying, although the hundreds of thousands of people waiting to return home from overseas means that it will still take some time for the backlog to clear. As the planes start to take off so do the recriminations…

The Euro has managed to hold onto most of it’s gains against the Pound, even as some rumours have muddied the waters around the bailout plan for Greece. When the plan was agreed on Sunday the Euro put in a strong rally, and it has managed to push the Pound down further, seeing the GBP/EUR rate dipping below 1.13 this morning , even as rumours that the bailout would need to be triggered by a meeting of EU ministers.