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German IFO Business Climate Index eases to 89.3 in May vs. 90.3 expected

  • German IFO Business Climate Index misses estimates with 89.3 in May.
  • IFO Current Economic Assessment Index declines to 88.3 in the reported month.

The headline German IFO Business Climate Index arrived at 89.3 in May, a tad lower than the April figure of 89.4. The market expectation was 90.3.

more to come ....

Germany IFO – Expectations came in at 90.4, below expectations (90.5) in May

Germany IFO – Expectations came in at 90.4, below expectations (90.5) in May
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EUR/GBP holds its position above 0.8500 despite the dovish ECB

EUR/GBP trades around 0.8510 during the early European hours on Monday, struggling due to dovish comments from European Central Bank (ECB) Chief Economist Philip Lane.
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