German business sentiment remained unchanged in November, a private survey revealed on Thursday. The Munich-based Ifo economic institute reported on Thursday that its Business Climate Index came in at 110.4 in the reported month, while September's reading was unchanged at 110.4 in November, after the preceding month's reading was revised down to 110.4 from 110.5. Market analysts anticipated a slight increase to 110.6 points. The November figure suggests that executives remain positive about the country's economic growth, despite the uncertainties hanging over Brexit negotiations and Donald Trump's presidency. Back in October, the Index hit its highest level in more than two and a half years. In the meantime, the Current Assessment Index jumped to 115.6 in November from 115.1 points registered in the prior month, surpassing the 115.0 market forecast. The Business Expectations Index, which tracks sentiment in the next six months, declined to 105.5 during the reported period from 105.9 in October, falling behind analysts' expectations for 106.0. As a result, the Euro rose slightly against the US Dollar, trading at 1.0557 from 1.0556 ahead of the release, but fell against the Sterling, trading at 0.8493 from 0.8494 ahead of the data.