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: