German IFO sentiment for August plunged - BBH

Research Team at BBH, notes that the German IFO sentiment for August plunged as the headline was 106.2 vs. 108.5 expected, and was the biggest drop in over four years. 

Key Quotes

“Current assessment was 112.8 vs. 114.9 expected, while expectations component was 100.1 vs. 102.4 expected.  While the Eurozone has so far escaped much negative fallout from Brexit, this is one of the first data points to suggest otherwise.”