UK PPI input Sept report 18 Oct 2016

  • +0.2% prev
  • yy NSA +7.2% vs +7.4% exp vs +7.6% prev
  • PPI output mm NSA +0.2% as exp vs +0.1% prev
  • yy NSA +1.2% vs +1.1% exp vs +0.9% prev revised up from +0.8%
  • core output mm NSA +0.1% vs +0.2% exp vs +0.1% prev revised down from +0.2%
  • yy NSA + 1.4% as exp vs +1.4% prev revised up from +1.3%

Softer headline readings will temper the stronger CPI data a little.

GBPUSD 1.2250 after failing at the 1.2280 area I highlighted earlier here.

Expect demand into 1.2220 still. EURGBP 0.8990 again after 0.8972 lows.