UK producer output prices +0.9% m/m, +5.4% y/y, stronger than median forecasts of +0.6%, +5.1% respectively. Cable has spiked higher in wake of data, presently at 1.6425.
Input prices +3.7% m/m, +14.6% y/y, demonstrably stronger than median forecasts +2.1%, +12.5% respectively.
Ratchets up pressure on Bank of England to go for early rate hike.
Talk of stops now lined up through 1.6445 and 1.6460 (1.6459 2010 high)
