FxPro Forex Analysis: Rolling into the weekend

The German IFO data was weaker than expected, the headline series falling from 111.2 to 110.4.  EURUSD moved down to the 1.3630 as a result.  There was also some follow through USD buying versus sterling, cable back to 1.6850.  Still, the series is near a 3 year high and the GDP data this morning confirmed the earlier estimate of 2.5% annual growth in the first quarter of 2014. Capital investment was shown to be strong.