By Alex Ellis

Sterling exchange rates have remained especially volatile this morning as the market remains apprehensive of the details surrounding the bailout package for Greece. Initially it seemed that European finance chiefs were  confident as to what measures would need to be put into place in order to assist Greece, however their reluctance to specify what their plans are, has left the market reeling.

The news from the US is that is that the US government may raise interest rates at some point in the near future, if they were to take these measures then this is likely to impact on Dollar exchange rates. Many commodities are priced on the greenback and therefore this could have a huge significance for various currency pairings.