- The British Pound was lower against the U.S. Dollar on Friday after the release of U.K. data on PPI Input.
GBP/USD was trading at 1.6119, down 0.16% at time of writing.
The pair was likely to find support at 1.6068, Wednesday’s low, and resistance at 1.6199, Monday’s high.
Earlier in the day, official data showed that Producer price inflation
input in the U.K. fell more-than-expected to a seasonally adjusted
-1.5% last month from 1.7% in the preceding month whose figure was revised down from 1.9%.
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