GBP/USD Pushes Higher on Strong PPI

GBP/USD is moving higher and facing tough resistance after PPI Input rose by 3.7%. A rise of only 2.2% was expected, so this is a very big surprise. Inflation continues to be very worrying for Britain. Last month saw a rise of 1.4% in PPI Input (revised up from 1.1%), the main producer price figure.

Source: http://feedproxy.google.com/~r/ForexCrunch/~3/b25yvHq3i58/

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