Greek bond deal goes through, Euro stronger

9 March, 2012


Greek creditors last night accepted a deal to cut the value of their debt, paving the way for the EU/IMF bailout to go ahead in time to avoid a catastrophic debt default. Unsurprisingly the Euro has strengthened overnight and this morning, with rates for sending payments to Europe now around a cent lower than yesterday.

In the UK, a mixed bag of data this morning has left sterling largely unaffected, with factory prices up but industrial and manufacturing figures not as good as expected.

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