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UK PPI input Nov mm NSA -1.6% vs -1.0% exp

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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