Investing.com - The Euro was lower against the British Pound on Friday after the release of U.K. data on PPI Input.
EUR/GBP was trading at 0.8336, down 0.26% at time of writing.
The pair was likely to find support at 0.8224, Monday’s low, and resistance at 0.8377, today’s high.
Earlier in the day, official data showed that Producer price inflation input in the U.K. fell unexpectedly to a seasonally adjusted -0.6% last month from 0.3% in the preceding month whose figure was revised up from 0.1%.
Analysts had expected U.K. PPI input to rise 0.1% last month.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.2791 and EUR/JPY falling 0.21% to hit 98.16.
EUR/GBP was trading at 0.8336, down 0.26% at time of writing.
The pair was likely to find support at 0.8224, Monday’s low, and resistance at 0.8377, today’s high.
Earlier in the day, official data showed that Producer price inflation input in the U.K. fell unexpectedly to a seasonally adjusted -0.6% last month from 0.3% in the preceding month whose figure was revised up from 0.1%.
Analysts had expected U.K. PPI input to rise 0.1% last month.
Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.18% to hit 1.2791 and EUR/JPY falling 0.21% to hit 98.16.