March UK Producer Price Index data report now released
- +0.1% prev
- input yy NSA -6.5% vs -6.2% exp vs -8.2% prev revised down from -8.1%
- output mm NSA +0.3% vs +0.2% exp vs +0.1% prev
- output yy NSA -0.9% vs -1.0% exp vs -1.1% prev
- core output mm NSA +0.1% as exp vs +0.1% prev revised down from +0.2%
- yy NSA +0.2% vs +0.3% exp vs +0.1% prev revised down from +0.2%
All eyes on the more knee-jerk related CPI
GBPUSD up to 1.4305 on that firmer data but this softer than expected release will temper some gains. EURGBP holding firm at 0.8000 still which should help to cap rallies with EURUSD still unable to chew through the large 1.1460-70 offers.
