• 108.6 prev

  • current assessment 114.3 vs 113.50 exp vs 114.0 rev up from 113.90

  • expectations 103.00 vs 103.0 exp vs 103.40 prev rev down from 103.50

Euro finds a bit of love again from the better than expected data but down from last month

Survey of 7000 German companies by IFO

  • euphoria being replaced by a more realistic view
  • IFO sticks to GDP forecast of +0.5% in Q2
  • rail and postal strikes having an impact on expectations
  • oil price is dampening the mood in some industry sectors

EURUSD 1.1175 EURGBP 0.7124 EURJPY 134.95