The Greek & French elections: The response on the markets
The pound has been moving sharply upwards overnight against the Euro and at one stage touched 1.25 Euros to the pound. It’s now edged down a touch but the big trend can be seen in the chart above.
As someone planning to go to Spain in a fortnight this is really good news for me and other holidaymakers but what of the other consequences? Won’t we hear that it makes out exports that bit more expensive.
The real test will be how the new political leaderships in France and Spain deal with the challenge.