Latest data released by Ifo - 26 November 2018
- Prior 102.8; revised to 102.9
- Expectations 98.7 vs 99.2 expected
- Prior 99.8; revised to 99.7
- Current conditions 105.4 vs 105.3 expected
- Prior 105.9; revised to 106.1
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 misses relative to expectations but there are some positives from the revisions to last month at least. Overall, it still points to a falling trend in recent months and that won't bode well for economic sentiment.
On the day, it's all about risk and Italy right now so the release here isn't a great deal of impact to the euro. EUR/USD now at 1.1376 near the highs still. EUR/GBP at 0.8860, likewise as well.
