11 AM GMT, Ifo Index (Germany)
- Expectations: 84,1 vs 84 exp. and 83.5 previously
- Current situation: 86,9 vs 86.8 exp. and 87 previously
- Business climate: 85.5 vs 85,5 exp. and 85.2 previously
ECB inflation expectations came in slightly higher:
- 1-yr horizon: 3.3% YoY 3.2% YoY previously
- 3-yr horizon: 2.5% in line with previously reading and higher than expected 2.4%

BREAKING: BoE raises interest rates by 25pbs to 4%⏰
Norges Bank keeps rates unchanged, but leaves the door open to rate hikes. Is this really the end of the NOK strengthening, though?
Economic Calendar: Investors Await the Bank of England's Decision 🏛️
What Drives the Market❓Top Morning News ⏰ (November 5, 2026)