Latest data released by Ifo - 24 September 2018
- Prior 103.8
- Expectations 101.0 vs 100.5 expected
- Prior 101.2
- Current assessment 106.4 vs 106.0 expected
- Prior 106.4
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.
A minor dip in the headline reading relative to August but it's slightly better than expected, likewise for the expectations and current assessment readings. Not going to do much to change the overall picture after the rebound in business/investors sentiment seen last month.
EUR/USD trades near flat levels now at 1.1750 as the dollar moves back and forth. EUR/GBP remains near the lows for the day at 0.8960 as the pound remains perky.
