Released by the German economy at 08:00 GMT, the German IFO index for measuring the business climate for the month of June the level of 108.7 points, beating expectations, which pointed to the level of 107.6 points, and the previous reading recorded level of 107.7 points.
This is a positive statement for the biggest economy in the euro zone.
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The pound fell sharply during trading on Friday, for the second day in a row, after the huge royal currency sell-off after the release of the results of some constituencies, which showed support for Britain out of the European Union.
MoreGold prices witnessed a rise during the Asian session on Friday , before the rise shrink in light of the continued volatility and uncertainty in the financial markets with continued screening in the British constituencies results.
MoreAsian stock indices fell earlier today in light of the growing expectations that the result of the UK referendum, referring to Britain's exit from the European Union which have a significant negative impact on stock indices.
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