UK Producer Price Index data for June now out

  • -1.1% prev revised down from -0.9% prev
  • yy nsa -12.6% vs -11.8% exp vs -12.30% prev revised down from -12.0%
  • output nsa mm 0.0% vs +0.1% exp/prev
  • yy nsa -11.5 as exp vs -1.6% prev
  • PPI output core mm nsa 0.0% as exp/prev
  • yy nsa +0.1% as exp/prev

Softer readings should be no real surprise in the current global environment

All eyes on CPI which had a softer yy core

GBPUSD holding onto 1.5450 bids again

UK PPI INPUT MM NSA JUNE