German IFO disappointed - TDS

FXStreet (Delhi) – Research Team at TDS, suggests that the German IFO disappointed as we expected, with both the current conditions and expectations components coming in below consensus.

Key Quotes

“The Expectations component was the biggest driver, falling from 104.7 to 102.4, which effectively unwinds the improvement we had seen since the summer ructions died down last summer and takes us back to where we effectively hovered all of last year.”