By Colm Gilhooly

German GDP figures released this morning showed an encouraging flicker of growth for the last quarter- up 0.3% against an expected downturn of 0.2%.  Whilst the figures for the year are still massively down for Europe’s biggest economy, the data has helped the Euro maintain its recent levels against Sterling.  With European GDP figures as a whole due out within the hour it will be interesting to see how the Single Currency fares against the pound following this.  Are these the signs of economic recovery for Europe, or is it a false dawn?