Germany IFO – Business Climate came in at 93.6 below forecasts (94) in April

Apr 24, 2023

GBP/USD flat-lines below mid-1.2400s, downside potential seems limited

The GBP/USD pair struggles to capitalize on Friday's goodish rebound of over 65 pips from the 1.2365 area and kicks off the new week on a subdued note

Germany IFO – Business Climate came in at 93.6 below forecasts (94) in April

GBP/USD flat-lines below mid-1.2400s, downside potential seems limited

Germany IFO – Current Assessment below forecasts (96.1) in April: Actual (95)