Cable higher at 1.6006/10 after better than expected UK data

UK Data

• Merchandise Trade balance in Aug. – 6.24 billion Stg. from -6.431 billion (revised from -6.48 billion) market expectations -6.3 billion.
• PPI Output prices for Sept. +0.5 % m/m from +0.3 % (revised from +0.2 %) expectations +0.1 % +0.4 % y/y from -0.3 % (revised from -0.4 %) expectations -0.1 %
• PPI Input prices for Sept. -0.5 % m/m from +2.0 % (revised from +2.2 %) expectations -0.8 % -6.5 % y/y from -7.7 % (revised from -7.5 %) expectations -6.7 %