Public Sector Net Borrowing increased to £13.6 billion

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Tuesday, Dec 22 2015

Public sector net borrowing excluding public sector banks decreased by £6.6 billion to £66.9 billion in the current financial year-to-date (April 2015 to November 2015) compared with the same period in 2014. Public sector net borrowing excluding public sector banks increased by £1.3 billion to £14.2 billion in November 2015 compared with November 2014. Compared with October 2015 borrowing increased to £13.6 billion.

Public sector net debt excluding public sector banks at the end of November 2015 was £1,536.4 billion, equivalent to 80.5% of Gross Domestic Product; an increase of £71.9 billion compared with November 2014. Central government net cash requirement decreased by £8.2 billion to £49.4 billion in the current financial year-to-date (April 2015 to November 2015) compared with the same period in 2014.

Sterling is currently being traded around 1.49 handle. Pair is likely to find support around 1.4850 handle and resistance above 1.4950 level. Later today, in the US session, Final GDP and Existing Home Sales figures are scheduled for a release.

More in this category: « German Consumer Climate edged up slightly US GDP increased by 2.0% in Q3 »

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