Post PPI GBP Rally

The U.K PPI data was released this morning at 4:30 am EST. The PPI was released at a moderately high 0.6% for input and 0.2% for output. PPI serves as a leading indicator of consumer inflation. A higher PPI is usually a sign of inflation and a possible rate hike in the future. These numbers served as a spark that further ignited the already bullish GBP.

The View: