With just a few hours to go before the Greek debt to the IMF of EUR1.6bn is due to be repaid we are now running out of time.
As I write I don’t think there will be a last ditch attempt and the Greeks will default on the payment due today.
However, this comes as little surprise to the markets as it has been priced in already.
Sterling vs Australian Dollar is still trading above 2 and providing excellent opportunities to buy Australian Dollars with Sterling.
The next potential movement could come in the form of US non-farm payroll data and if positive this could see the Australian Dollar strengthen against the Pound on Thursday afternoon.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]