Latest data released by Ifo - 25 January 2019
- Prior 101.0
- Expectations 94.2 vs 97.1 expected
- Prior 97.3
- Current assessment 104.3 vs 104.2 expected
- Prior 104.7; revised to 104.9
Slight delay in the release by the source. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.
The headline comes in as the weakest reading since March 2016 as expectations fall hard, signalling that the outlook towards the German and Eurozone economy is growing bleaker. Ifo now notes that the German economy is experiencing a downturn.
EUR/USD holds steady though as it trades near the highs at 1.1332 currently. EUR/GBP is also extending its rebound off of support from the April 2018 low, now at 0.8659.
