UK PPI output June mm NSA +0.2% vs +0.2% exp

Latest UK Producer Price Index data now out 19 July 2016

• +0.2% prev revised up from +0.1%
• yy NSA -0.4% % vs -0.5% exp vs -0.6% prev revised up from -0.7%
• PPI input mm NSA +1.8% vs +1.1% exp vs +2.2% prev revised down from +2.6%
• input yy NSA -0.5% vs -0.8% exp vs -4.4% prev revised down from -3.9%
• core output mm NSA +0.1 % vs +0.1% exp vs 0.0% prev
• yy NSA +0.7 % vs +0.6% exp vs +0.5% prev

Not a lot to glean from this report. Most attention on CPI as usual

GBPUSD in retreat again after the post-data rally to 1.3221. EURGBP 0.8389 still underpinned but offers to clear out around 0.8400 still.