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  • JP: All Industry Activity Index (MoM): -0.300 % (FXstreet.com: Latest Economics Events)
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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.

The weekend papers will likely contain a poll or two regarding the election, and although the Pound is doing well at the moment, the election is likely to cause some volatility over the coming weeks; it only takes one bad poll to bring the Pound lower.