Greek drama enters a new act and Germany's Angela Merkel offers tough love - it's time for your FX Fix.
The British pound fell to a four-week low against the dollar after the Bank of England cut its growth forecast. [FT]
The Bank of England and other authorities have been discussing contingency plans for a Greek exit from the euro "for some time," says Governor Mervyn King. [CNBC]
German ChancellorAngela Merkel told CNBC she wants Greece to stay in the euro zone, but says it must honor its commitments. [CNBC]
Worries about contagion from the euro zone crisis hit emerging Asian markets, and central banks in South Korea and Indonesia intervened to defend their currencies. [WSJ]
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