Resistance: 109.13 (overnight high), 109.09 (20-day moving average), 110.63 (Aug 20 high; 3 1/2-month peak), 111.02 (50% Fibonacci retracement level of May 1999-October 2000 downtrend), 113.71 (April 4 high; 17-month high).

With the EUR/GBP under pressure, GBP/USD rallied to a 6-month high of 1.4676.
U.K. input prices fell 0.1% in August as expected, while output prices were also in line with forecasts. Neither piece of data is likely to have much impact on the outlook for U.K. interest rates.
The intraday outlook is slightly bullish.

Support: 1.4605 (overnight low), 1.4494 (20-day moving average), 1.4381 (Aug. 28 low), 1.4270 (60-day moving average), 1.4238 (100-day moving average), 1.3911 (June 20 low).
Resistance: 1.4676 (overnight high; 6-month high), 1.4756 (March 2 peak), 1.5100 (Jan. 8 peak, year high).

UPDATE OF NEWS

Japan's domestic wholesale prices fall 0.9% on year in August
Tokyo, Sep. 10 (BridgeNews) - Japan's domestic wholesale price index fell 0.9% on year in August, the Bank of Japan said. The August fall was the largest since September 1999 when the WPI declined 1.3%. The data indicated deflation pressure remains strong.

Japan's July key private machine orders down adjusted 1.6% on month
Tokyo, Sept. 10 (BridgeNews) - Japan's machinery makers said the value of orders from the private sector, excluding orders for ships and those from the electric power industry, in July, was down an adjusted 1.6% on month, the Economic and Social Research Institute in the Cabinet Office said. The figure is worse than the average economists' outlook of a 0.8% drop.