United Kingdom Producer Price Index – Output (MoM) n.s.a in line with expectations (0.1%) in November | FXStreet

GBP/USD has come under intense selling pressure, eyeing 1.3300in the European session on Wednesday. The UK annual headline and core CPI rose by 3.2% each, missing estimates of 3.5% and 3.4%, respectively, reaffirming dovish BoE expectations and smashing the Pound Sterling across theboard.