Slower UK producer output prices decline bullish for GBPUSD
Britain’s producer price index declined less than expected in February: the PPI declined 1.2% in February after 0.3% growth in January, when a 2% drop was expected. This is bullish for GBPUSD.
Summary of technical analysis
|Buy stop||Above 1.1972|
|Stop loss||Below 1.1780|
Market Analysis provided by IFCMarkets
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