Data out a few moments ago but overshadowed by German IFO

  • yy NSA +10.4% VS -0.5% prev
  • industrial sales mm -1.1% vs +1.2% prev
  • yy NSA +2,3% vs +2.4% prev

A mixed bag but market focus was on the IFO and even that rally was short lived

EURUSD now 1.1195 with EURGBP down to 0.7331 EURJPY 134.45