The Producer Price Index (PPI) input and output figures from Great Britain today signaled solid inflationary growth in the northerly isles. Following this week’s interest rate hikes in China and the euro zone, Britain’s heightened inflationary expansion does not seem out of tune with the rest of the world.
So far the news has spurned a buy-in on the British pound (GBP), though traders were reluctant to expose themselves to heavy doses of regional risk taking considering the downturn in American employment and concern of debt contagion spreading from Greece to Portugal, Spain, and Italy.
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