Euro hits eight year low this morning in wake of Greek crisis

Euro_coins_and_banknotesThe euro has tumbled this morning against other currencies because of the Greek debt crisis.
It’s at an eight year low against sterling, trading at about 1-euro 42 to the pound and 1-euro 10 to the dollar.
Markets have also been falling on news of the economic problems in Greece, with stock exchanges expected to take a hit when it opens later.
Peter Brown from the Institute of Investing and Financial Trading, says he doesn’t expect a complete market meltdown, but there will be jitters this week:

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