Germany and France out of recession

28 July, 2011


Germany and France have both posted positive growth data in the last 24 hours – signalling the end, technically, of their recessions.

With the Bank of England stating that any recovery in the UK will be “fragile” at best in 2010, this is a signal that the Euro may gain value over sterling in the next 6 months.

Anybody needing to transfer Euros abroad should therefore be concerned, as falling exchange rates may dominate the rest of 2009.

Contact Currency Index if you would like to discuss your own requirements in detail.