Greek tragedy

It was announced last week that there will be some form of bailout plan for Greece and rather than the responsibility falling onto a few nations, the responsibility will be passed onto the European Union.

This of course includes the United Kingdom and therefore even with our own debt mounting we may be forced to spend further in order to help Greece, with rumours that Spain are in a very similar position as well as possibly Ireland and Portugal, the prospect of the U.K. following suit cannot be ignored.

If this were to happen it would be disastrous for the pound and for those looking to buy Euros either now or in the future should consider forward contrcats in order to protect themsleves from the rocky road ahead.