Gbp/usd - 1.5705 ... U.K. PPI output rose by 0.4% m/m n 3.8% y/y whilst PPI input increased by 2.0% m/m n 8.4% y/y in January respectively. The core PPI rose by 0.3% n 2.5% in January. The British pound recovered some of early losses n rebounded briefly abv 1.5700 level on profit-taking, however, selling interest fm various accounts at 1.5730/40 is likely to cap cable's upside somewhat n more offers by European names are tipped at 1.5760/70 n 1.5790/00.