- -0.4% prev
- y/y nsa -6.5% vs -6.1% exp vs -5.7% prev
- output prices m/m nsa +0.2% vs +0.1% exp vs 0.0% prev
- y/y nsa +0.5% vs +0.3% exp vs +0.5% prev
- Core PPI output m/m +0.1%% vs +0.1% exp/prev
- y/y m/m nsa +1.0% vs +0.9% exp vs +1.1% prev
A mixed bag but mostly softer and traders quick to buy back shorts with CPI coming in as expected
GBPUSD now 1.6716 after 1.6662 lows (April 2/3 highs). I’m square on the dip at 1.6675 after it failed to hold on the lows and will look to re-sell. Shock
1.6650-1.6750 I did mention earlier as the wide range. No reason to change that view