UK Public Sector debt narrowed in April

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Friday, May 22 2015

Public Sector debt in the UK fell to £6.0 billion, thus beating market forecasts on incline to £7.8 billion. In April 2015, PSNB ex was £6.8 billion; a decrease of £2.5 billion compared with April 2014 At the end of April 2015, public sector net debt excluding public sector banks (PSND ex) was £1,487.7 billion (80.4% of GDP); an increase of £83.6 billion compared with April 2014.

In the financial year ending 2015 (April 2014 to March 2015), public sector net borrowing excluding public sector banks (PSNB ex) was £87.7 billion (4.8% of Gross Domestic Product (GDP)) a decrease of £10.8 billion compared with the previous financial year.

After the data Sterling added few points and is currently being traded around 1.5650 area. Pair is likely to find support around 1.56 handle and resistance above 1.57 area. Later today, in the US session, CPI figures are scheduled for a release.

More in this category: « German Business Climate down for the first time in seven months Dollar up after CPI data »

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