UK Producer Price Index (PPI) data showed a turn towards the good side as Input prices were release at 2.6%, 0.9% more than the estimated value (1.7%). Although lower than the previous month's 3.8%, the Streling showed positive attitute and gained both against the Dollar as well as the Euro.
GBP/USD traded at 1.6396 after the annoucement and is currently trading even higher at 1.6407
EUR/GBP fell to 0.8850
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