020 7898 0500The euro stayed relatively quiet on Tuesday, gradually pulling away from recent lows against sterling and the US dollar as reports emerged that attempts were underway to try and scrape a last minute deal together between Greece and its creditors and ensure Greece avoid a default. As of writing, this last ditched effort hasn’t been successful , Greece hasn’t paid the €1.6 billion or an alternative deal struck. So the saga continues until Saturdays referendum.
There is Eurozone Purchasing Managers Index data for manufacturing out this morning, which is expected to be steady when compared to last month, but this is likely to have very little impact due to the magnitude of Greece defaulting.
