Greece expected to miss IMF payment – RBS

FXStreet (Barcelona) – Market speculation is rife that Greece will miss the EUR 1.6bn repayment to the IMF due today, according to Brian Daingerfield, FX Trading Strategist at RBS.

Key Quotes

“It appears likely that Greece will miss its €1.6bn payment to the IMF, indeed, an unnamed Greek government official told several media sources moments ago that Greece will miss the payment (source: WSJ).”

“While there are no scheduled meetings ahead of a referendum on whether to accept a creditor proposed package on July 5th, we will be closely monitoring headlines for any updates on the stances of Greece and the creditors along with any polls on public opinion.”

“…the risks of a Grexit have increased but it is not our base-case scenario.”

Market speculation is rife that Greece will miss the EUR 1.6bn repayment to the IMF due today, according to Brian Daingerfield, FX Trading Strategist at RBS.

(Market News Provided by FXstreet)