Germany IFO August report now out 25 Aug
- 116.00 prev
- expectations 107.9 vs 106.8 vs 107.3 prev
- current assessment 124.6 vs 125.00 exp vs 125.4
Generally upbeat report sees EURUSD still around 1.1785 and EURGBP 0.9203 with EURJPY also steady at 129.26
IFO still noting a fall in German business morale though plus:
- retail index down due to emissions scandal hitting car retailers
- drop in current conditions index is a small drop from a high level
- uncertainty has diminished in business expectations
- see no overheating of German economy
- German businesses are getting used to Trump's politics
German IFO business climate mm
