Germany Feb IFO data now out 22 Feb

  • 117.6 prev
  • expectations 105.4 vs 107.9 vs 108.3 prev rev down from 108.4
  • current assessment 126.3 vs 127.0 exp vs 127.7 prev

Softer than expected/prev somewhat flies in the face of recent upbeat govt/BUBA rhetoric

This German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning.

EURUSD a tad softer at 1.2282 with EURGBP 0.8842 tightly bound still and EURJPY lower again at 131.60 as yen demand prevails.