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German IFO Business Climate Index falls to 85.7 in November vs. 86.0 expected

  • German IFO Business Climate Index misses estimates with 85.7 in November.
  • The IFO Current Economic Assessment Index dropped to 84.6 in the reported month.

The headline German IFO Business Climate Index fell to 85.7 in November from 86.5 in October. The data came in below the consensus 86.0 print.

Germany IFO – Expectations came in at 87.2, above forecasts (87) in November

Germany IFO – Expectations came in at 87.2, above forecasts (87) in November
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GBP/JPY holds gains above 194.00 as traders expect BoE to reduce rates gradually

GBP/JPY remains stable after a volatile session, trading near 194.20 during European hours on Monday.
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