IFO Business Climate Index release is due at 11:00 (GMT+2) in Germany. It is predicted that the value of the indicator will drop to 102.3 points in November from 102.8 points a month earlier. The index is based on a survey of managers of more than 7,000 enterprises in order to find out their assessment of the current economic situation in the business environment. The increase in value is a positive signal and contributes to the strengthening of the EUR. A decrease, on the contrary, is a negative factor for EUR.