- 107.7 prev
- first fall in 6 months
- current conditions 111.3 vs 111.6 exp vs 111.4 prev
- IFO expectations 103.6 vs 104.5 exp vs 104.2 prev
Weaker than expected but euro not badly fazed at the moment
EURUSD 1.3819 from 1.3825
EURGBP unch at 0.8525
Add:
- IFO says no revisions to sept indices
- chief economist Wohlrabe says
This is a small damper not a trend change