FXstreet.com (Barcelona) - Producer price index in the United Kingdom has improved in August from July data with the Pound remaining in its highest level against the Greenback and testing support at 0.8730 against the Euro.
The output PPI has rose 0.2% between July and August, less than 0.3% posted in the previous month, year to year, output PPI has moderated its decline to 0.4% in August from 1.3% posted in July.
Input PPI has improved 2.2% in August from July, last month data was a 1.4% decline. Yearly, input PPI has decline 7.5%, better than 12.2% collapsed published in the previous month.
GBP/USD has found support at 1.6655 after posting 5-week high at 1.6750 and currently is trading close to 1.6700 again, consolidating levels after the last bullish movement.
EUR/USD remains in its highest 2009 level close to 1.4600 after posting 1.4626 as maximum since December 2008. EUR/GBP seems to have found support at 0.8730 and currently the pair is trading close to 0.8750.