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Greece’s creditors formulate a proposal - WSJ

FXStreet (Mumbai) - The Wall Street Journal (WSJ) is reporting that an agreement has been reached between the troika – Greece’s creditors that shall be put to Greece. The details of the deal are not available, although Bloomberg reports that there is a proposal in substance.

Meanwhile, Reuters reported that Greek PM A.Tsipras has sent a comprehensive reform proposal to its international creditors, urging them to be realistic and accept the plan and end the scenario of divisions in Europe.

UK data improves but GBP/USD bearish sentiment remains – BBH

The Brown Brothers Harriman Team reviews the UK construction PMI and mortgage approval data release and further sees the sell on upticks approach as being intact in spite of better data.
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EUR/USD still targets 1.05/1.06 – Westpac

According to strategists at Westpac, EUR/USD remains on track to test the area of 1.05/1.06...
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