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Forex.com Research Director Kathleen Brooks discusses how the EU member continues to impact global markets.
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-- -- more on all of these markets and our first for gonna go to Europe live from London Kathleen Brooks research director for Forex dot com.
Joins us this morning Kathleen good to see you and while it has been foreign exchange has been driving a lot of it considering the that is out of Greece this week here what's your main focus just for today.
I think it have to be Greece still I mean we're in kind of a fact Dell consolidation night of the -- -- by.
Markets are reacting Barry negativity to the downside on -- headline -- -- about Greek banks or about the Greek elections.
Not right now there's still a little bit of residual hype in the market that may -- -- G-8 summit across fuel side of the war that.
-- -- last -- help -- -- -- on on I'm trying to build great in the yours and and trying to get Gemini to soften its stock towards austerity.
I wonder whether that'll happen -- are not although it was kind of interesting to see some of the comments out of Angola -- the German chancellor.
But it did seem if you read and do it that she is softening up a little -- is open to a little bit of we're spending us more stimulus.
Offer Greece and keeping Greece within the Euro zone -- think that'll happen that Greece will stay.
Part of the the eurozone or we'll end up being on the outside the in the day.
Well I I think.
I can't get away from the fact that at the end of the day -- -- end up on the on the on the outside.
Although all of the of the -- if you like but I do think that say.
That -- and then will be consolidates best -- you know viewers and always does this it reacts when as a problem when as a massive catastrophe that's when it reacts.
-- might now I think now they have actually left up to the Greek people later they using this election next month.
-- -- a referendum do you want UN membership -- -- if you wanna -- your abatement at the price back up policies and doesn't insightful kind of -- yet.
Right and then it is left up to and -- last time was up to up to the the Greek people -- got the markets into the mess that.
We agree in this -- so I you're probably right in terms of that the -- the sentiment there moving in the other direction how about the currency market which are so focused on because as a set at the outset of this.
That'll really be what drives other markets what's your outlook -- near term for the Europe.
You have to be mean to you where we see a slow grind data and the reason wanting to see an outright collapse even in that we think it will -- Is -- because of the -- or is that they cannot emanates SA and they suggest that kiwi is very much on the table they remain worried about -- and -- it.
And that's gonna -- McCullough contents we really go right now but thank you very much for -- for --
