FXStreet (Edinburgh) – Strategists at TD Securities noted the upcoming Parliamentary elections in Greece on Sunday, which should be a very close call between Syryza and New Democracy.
Key Quotes
“Greeks return to the polls on Sunday—for the fifth time in six years. Pre-election polls suggest the race is tight, with Greeks equally likely to elect a government led by a party that has always supported austerity (New Democracy) or one that has only recently supported austerity (Syriza)”.
“As a result, we see this as largely inconsequential, as with bailout funding secured until June 2016, the markets can largely look past the outcome”.
(Market News Provided by FXstreet)