Producer price index data now out but main focus on CPI

  • -1.2% prev revised down from -0.9%
  • yy NSA -13.8% vs -13.6% exp vs -12.6% prev revised down from -12.4%
  • output mm NSA -0.4% vs -0.2% exp vs -0.1% prev
  • yy NSA -1.8% VCS -1.7% exp vs -1.6% prev
  • core output mm NSA 0.0% as exp vs +0.1% prev
  • yy NSA

Softer readings again unsurprising given fall in commodity prices

Cable running into sellers above 1.5450 again. Currently 1.5445. EURGBP little changed at 0.7316