IFO economist out with comments following the data release 25 May 2016

  • still seeing no effect from wage rise deal
  • construction sector seeing highest morale level since reunification
  • investment goods producers primarily drove rise in increase in morale in industrial firms
  • industry gaining momentum

IFO head Clemens Fuest is upbeat about the future:

"The German economy is growing at a robust pace"

I had the latest IFO readings here.

Meanwhile EURGBP holding 0.7600 and capping GBPUSD from 1.4663 down to 1.4644