Published at 03:30 (GMT) 30 Jun
FT: Chan George Osborne has advised British tourists to take hundreds of euros in cash to Greece amid fears of cashpoints running dry, as he announced: "We hope for the best, but we are preparing for the worst."
Chan Osborne also announced help for British pensioners living in Greece and support for exporters suffering cash flow problems, after a contingency planning meeting in Downing Street. The Treasury also confirmed UK taxpayers could be asked to help Greece if the country crashed out of the eurozone, under an EU balance of payments support system.
On FX, immediate focus on Grexit fears now - even in UK, with Brexit fears now pushed to the background. With concerns ahead of July 5 referendum - a no vote is taken as Grexit by creditors. Though a no vote is taken as better bargaining power by Greek PM Tsipras government.
GBP/USD at 1.5730-35, tight range of 1.5719 to 1.5740 today. Capped on rallies now, as EUR/GBP rebounded from 7-year 8-month lows of 0.6987-89 hit on Monday to 0.7160-65. EUR/GBP hit lowest level since Nov 8 2007 0.6949, from Friday close of 0.7085-90. EUR/GBP offers at 0.7150/0.7200 again. Stoploss below 0.7080/50 again.
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