The Producer Price Index (PPI) input and output figures from Great Britain today signaled solid inflationary growth in the northerly isles. Following this week’s interest rate hikes in China and the euro zone, Britain’s heightened inflationary expansion does not seem out of tune with the rest of the world.
So far the news has spurned a buy-in on the British pound (GBP), though traders were reluctant to expose themselves to heavy doses of regional risk taking considering the downturn in American employment and concern of debt contagion spreading from Greece to Portugal, Spain, and Italy.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
