Latest data released by Ifo Institute for Economic Research - 24 April 2018

  • Prior 103.2 (methodology revised)
  • Expectations 98.7 vs 99.5 expected
  • Prior 100.1
  • Current assessment 105.7 vs 106.0 expected
  • Prior 106.5

Slight delay in the release by the source.

It's tough to pin point how much of the skew in the data owes to the change in methodology as Ifo now includes services in its calculations. But relative to expectations, the figures here are all a miss anyway.

And that continues the disappointing run of Eurozone data.

EUR/USD near the lows for the day at 1.2192. EUR/GBP range-bound at 0.8755. EUR/CHF also range-bound at 1.1930.