Syriza wins Greek elections: Euro rate drop to 11 year minimum

Baku. 26 January. REPORT.AZ/ he Euro to Pound Sterling (EUR/GBP) exchange rate is likely to extend declines this week as investors get to grips with Syriza’s election victory, Report informs citing foreign mass media. 

The pairing dropped to 0.7433 on Sunday.

The anti-austerity party took between 36% and 38% of the vote, smashing the New Democracy into second place. At present it isn’t clear whether Syriza has adequate backing to take charge of the country alone.

On Monday the EUR/GBP exchange rate could also experience volatility as a result of Germany’s IFO Business Climate and Business Conditions indexes.