Germany’s IFO Business Climate Index improves again, arriving at 88.8 vs. 87.2 estimates

The German IFO Institute Business Climate Index improves again. The sentiment data arrives higher at 88.8 in August from 86.6 in July. The data also beats estimates of 87.2.


GBP/USD Price Forecast: Rally pauses below 1.3700

The British Pound (GBP) trades marginally higher against the US Dollar (USD) at around 1.3640 during the European trading session on Tuesday, even as the US Dollar Index (DXY) edges up, indicating strength in the British currency.
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British Pound: Upside bias toward 1.3700 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe GBP/USD price action as range-bound intraday between 1.3615 and 1.3660, with momentum indicators neutral.
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