Euro edges up as greek future hangs in balance

The euro edged up against the dollar this week, as Greek's future within the eurozone continues to hang in the balance.

The country's bailout will expire on Tuesday 30th June, when it also due to pay €1.6 billion to the International Monetary Fund. The single currency has been significantly weakened against the pound and dollar in recent months, thanks to the growing uncertainty surrounding Greece, and other factors, boosting spending power for US and British buyers in overseas property markets.

Now, though, the euro is in a holding pattern, as the markets wait to see what the outcome of today's final talks is: the single currency has been within a $1.09 to $1.14 range in recent weeks, according to Reuters.

Carl Weinberg, chief economist at High Frequency Economics, told the Guardian that conflicting reports will continue as long as the crisis remains unsolved. "We have no idea how this will end," he commented.