The EUR has performed well against most of the major currencies over the past couple of weeks, bringing some respite for the troubled region. Investors are now hoping that we might finally be seeing the green shoots of recovery in some of the key economies across the Eurozone.
Germany, which is widely considered as the lynchpin of the region, has seen their economy improve over the past couple of months and it was only last week that we heard the news that Spain is no longer in official recession. Whilst this news is positive it does not mean their problems are over but even signs of positive growth seem to be enough to have driven the EUR up against GBP, the USD and the AUD over the past month.
If you have an upcoming GBP/EUR requirement and would like to be kept up to date with all the latest market movements then please feel free to contact me directly at firstname.lastname@example.org. Alternatively you can call one of the experienced team on 0044 1494 787 478.