Mon, July 20, 2015
KBR Foreign Exchange Plc. (KBRFX) identified in London Stock Exchange’s ‘1000 Companies to Inspire Britain’.
KBRFX has made the London Stock Exchange's Second Edition of 1000 Companies to Inspire Britain. 1000 Companies to Inspire Britain is an annual celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK
German Chancellor Angela Merkel held out the prospect of limited debt relief as crisis-ravaged Greece equipped itself to reopen its banks three weeks after they were shut.
Merkel told German broadcaster ARD that she’s ready to discuss the situation once Greece successfully completes the first part of a new bailout. While the remarks do not go beyond pledges already made by euro-region governments, they signal that the topic could be considered by the end of the year. She ruled out any cut on Greek debt.
Merkel’s comments come after a week that saw Greece step back from the brink of financial collapse. While the bailout agreed upon last weekend has split the government of Prime Minister Alexis Tsipras, it also cleared the European Central Bank to inject more funds into the country’s financial system.
That will allow banks to reopen on Monday, although capital controls and limits on withdrawals remain in place. The daily cash withdrawal limit has been changed from 60 Euros a day to 420 Euros a week. Which is the same but Greek population now have a choice of getting it out daily or weekly.
Further easing of repayment terms for Greek aid loans has been an option in euro-area negotiations since 2012. Ensuring that Greece’s debt is sustainable looms as one of the challenges when talks on the third bailout get under way.
The Pound reached levels of 1.4411 against the Euro as of 1:27am London time. The pound decreased against the Dollar dropping to 1.5535.
Data to look out for today. .
Not much data out today.
CURRENCY PAYMENTS MADE SIMPLE
PRESS RELEASE
KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html
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| MON | 06:00 | EUR | German Producer Price Index (MoM) | MON | 06:00 | EUR | German Producer Price Index (YoY) | MON | 08:00 | EUR | Current Account NSA | MON | 08:00 | EUR | ECB Current Account SA |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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