UK PPI remained unchanged in August, but this did not prevent the growth of sterling.

Production prices in the UK have remained unchanged in August compared with July. The data were slightly weaker than expectations. It was expected that growth will be fixed in 0,1%, the same as the previous month. In addition, the purchase prices of producers rather suddenly and strongly decreased, showing a decline of 0.5% after falling 1.0% the previous month and forecasts adjustment rate up to 0,2%. By themselves, these can put pressure on sterling, but the surge of optimism on the sites will make you forget about lowering inflationary pressures. During the day, sterling with the minimum of the day at 1.5360 jumped to 1.5450 and remains at these positions, risking further growth to continue in the next couple of weeks. It seems that the poor market sentiment at the end of August will shatter completely. Despite the rather dark background of the news, positive trends in the markets remains and OSSI, kiwi and harriers - indicators of demand for risk remains popular.

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