Latest data released by GfK - 28 May 2019
- Prior 10.4; revised to 10.2
The reading measures the level of consumer confidence in economic activity. The reading falls to its weakest level since April 2017 and that highlights the kind of sentiment that is still lingering towards the German economy.
While not a major release, this does feed into overall sentiment towards the euro area as well. EUR/USD holds slightly weaker at 1.1182 still, with the euro also having to deal with Italian political worries as seen yesterday.
