GBP/USD Trading Lower, U.K PPI Input Rise Eases

GBP/USD is trading at 1.2481, down 0.0039. The U.K. Office for National Statistics (ONS) reported that input PPI (producer prices) eased to a rise of 1.7 percent in January versus a rise 2.7 percent in December. Output PPI (producer prices) rose 0.6 percent in January versus rise of 0.2 percent in December.