euro

Morgan Stanley has warned Germany could withdraw from the eurozone as the fallout from the Greek debt bailout continues.

Eurozone members have pledged up to €30bn in loans to Greece over the next year to help dodge a debt crisis which is seen as most serious challenge in the euro's existence.

New Star Global Financials fund manager Emily Adderson has initiated a derivative position to hedge out the market volatility on the vehicle's European bank holdings.

The Swiss franc rose to a record high against the euro yesterday despite the Swiss National Bank's efforts to avoid excessive gains for the currency.

Since the start of the year, sterling has weakened materially against the US dollar, and slightly against the euro. For owners of UK equities this is a mixed blessing.

Investment Week Conjecture

The Euro regained some lost ground today as Greece went to market with a successful sale of 10-year bonds.

Eurozone interest rates have been held at 1% today for the tenth month in a row.

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.

Sarasin's Daniel Briggs has reduced sterling and euro exposure in the £231m GlobalSar IIID fund over concerns for public sector deficits.