British PPI Input rose by 0.4%. Early expectations stood on a modest gain of 0.1%. GBP/USD is now ticking up, but is still capped by resistance. Pound/dollar is now at 1.5975, a bit higher than earlier. It got closer to 1.60, but this line is firm. This rise isn’t likely to cause the BOE to change its mind. After a few months of strong rises, PPI Input fell by 2% last month, reflecting the drop in raw materials during the month of May. Producer prices are more volatile than consumer prices, and are much more sensitive to changes in commodity prices. It doesn’t necessarily serve as a correct indicator for the Consumer Price Index, published next week. The pound found it hard to cheer up on a nice correction in manufacturing production: the rise of 1.8% is a strong rise, and it also exceeded expectations. But this rise after big drops. In addition, other recent figures regarding the UK economy were quite mediocre, to say the least. As expected, the rates remained unchanged in Britain once again. No change is expected anytime soon. GBP/USD has been capped by the round number of 1.60 in recent trading. It found some support at the old 1.5940 line. Further support is nearby, at 1.5910. Resistance is at 1.6110, followed by 1.62. For more on GBP/USD, see the British Pound Forecast. Tension is mounting in the markets towards the all-important release of US Non-Farm Payrolls. Expectations are for a gain of 100K jobs. The pound is relatively more vulnerable than other currencies to a strong US figure. Read the NFP Preview for details on this big event. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/CAD Cannot Push Lower Despite Good Canadian Employment Numbers Yohay Elam 12 years British PPI Input rose by 0.4%. Early expectations stood on a modest gain of 0.1%. GBP/USD is now ticking up, but is still capped by resistance. Pound/dollar is now at 1.5975, a bit higher than earlier. It got closer to 1.60, but this line is firm. This rise isn't likely to cause the BOE to change its mind. After a few months of strong rises, PPI Input fell by 2% last month, reflecting the drop in raw materials during the month of May. Producer prices are more volatile than consumer prices, and are much more sensitive to changes in commodity… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.