Producer Price data now out

  • +0.0% prev revised down from +0.2%
  • yy vs -12.4% exp vs -12.1% prev
  • output nsa mm-0.2% vs -0.1% exp vs -0.1% prev rev down from 0.0
  • yy nsa -1.5% vs -1.3% exp vs -1.4% prev rev down from -1.3%
  • output core mm -0.2% vs 0.0/% exp vs -0.1% prev
  • yy -0.1% vs +0.1% exp vs+0.3% prev

Softer PPI data, with lower oil price still the driver, out weighing the CPI coupled with general USD demand sees GBPUSD down to 1.5143 after failing above 1.5165 post-data

Full ONS release and notes here