Sterling recovered against the euro yesterday after the Greek parliament approved a vital set of austerity measures that pave the way for further funds from the ECB and a widely anticipated second bailout. Sterling also made gains against the US dollar after a poll showed a jump in inflation expectations that boosted hopes of an earlier than anticipated interest rate hike in the UK. Currently markets expect that the Bank of England will wait until at least 2012, before touching rates. Out today, we have house price figures so call in now for a live exchange rate to avoid missing out.

In the euro zone, the big market moving news of the day was that Greece's parliament approved deeply unpopular austerity measures. Despite violent protests in Athens’ Syntagma Square, this vote paved the way for access to a key tranche of funds from the ECB and a further bail out. Parliament approved a 5 year package of cuts, tax increases and the sale of state assets. Whilst this is a step in the right direction, it is not anywhere close to sorting out the mess that Greece is in. Many expect that Greece will still default at some point and that debt restructuring is inevitable. Call in now for a live price.

In the USA, the euro strengthened against the US dollar as risk appetite saw investors reversing safe haven trades into US government bonds. As a result, the euro traded up 0.5%, hitting a high of $1.4447/ €1. In terms of data, yesterday saw a surprising boost from housing data with pending home sales rebounding from -11.3% to hit 8.3%. Out later today we have key unemployment claims figures so get in touch to avoid missing out.

Elsewhere, the Australian and New Zealand dollars gained against the majority of their counterparts as Greece approved its austerity plan. This saw a boost to risk appetite and a increase in demand for higher yielding assets. Both climbed by more than 1% against the US dollar.

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