According to today’s report published by the Office for National Statistics (ONS), the UK PPI increased by 3/6% (y/y) in March. Analysts had anticipated a 3/45 increase.
As for the m/m data, the PPI grew by 0.6%. The pace of the purchasing price growth also declined in March down to 5.8% against February’s +7.8%.
By the way, it should be noted that PPI is the key index helping to determine the future rate of consumer inflation.
According to , the GBPUSD futures contract is currently being traded below the 1.5950 resistance. The closest level of support is 1.5850.
