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Greece positive about meeting debt payments into June - Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Team comment on the key developments surrounding Greece, noting that uncertainty prevails in spite of positive comments from Greek officials.

Key Quotes

“So after hearing all this week about scare stories about the Government having to raid the coffers of various public bodies, yesterday Greek officials squashed fears of an imminent default claiming the Greece government has enough cash to meet its debt payments into June.”

“However, the situation is still unresolved as we head into tomorrow’s showdown between finance ministers, with the Syriza-led government apparently still not budging on certain austerity measures including VAT hikes on its Islands and pension cuts.”

EUR/USD needs a break below 1.0659 to continue bearish – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, sees downside potential for EUR/USD below 1.0659, and anticipates any upside push to meet sellers around 1.0800 levels.
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GBP/USD back above to 1.5

The GBP/USD pair ran into fresh bids around the post-retail sales low of 1.495, which helped the pair recover to 1.5 levels.
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