- -3.3% prev
- yy -14.2% vs -12,2% exp vs -11.6% prev
- core producer output prices mm +0.2% vs +0.1% exp vs 0.0% prev
- yy +0.5% vs +0.4% exp vs +0.8% prev
- producer output prices mm -0.5% vs -0.3% exp vs -0.5% prev
- yy -1.8% vs -1.4% exp
- yy lowest since records began
GBP lower on this and CPI but the dip was quickly bought
Ryan had this to say on PPI in his preview with which I concure but I would add that whilst falling prices are good on many fronts they are not our escape ticket
GBPUSD now 1.5362 after testing decent tech support at 1.5332
EURGBP 0.7411 again after a rush to 0.7427 so the range I highlighted earlier is intact still
