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German September IFO index slightly better than forecast-check out the EUR/GBP

The German IFO business climate index has now been released and it was slightly better than forecast, but not really to any degree to evoke much of a market reaction. The EUR/USD did lift slightly on the news, as did the DAX, but nothing that is conclusive at all at this stage and rightly so, because this data was nothing to shout home about really. The pair I am looking at right now in that respect is the EUR/GBP. Now earlier that stalled just above 0.8700 again, having done the same on Friday. I remind the reader of the level at 0.8712 which is still guarding the topside at the start of this week. The EUR/GBP closed on Friday at 0.8696. The range seen so far today has been covered by 0.8685 to 0.8702. It is just now trading at 0.8691
 

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