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Public Sector Net Borrowing decreased to £10.5 billion

Wednesday, Sep 21 2016

Public sector net borrowing (excluding public sector banks) decreased by £4.9 billion to £33.8 billion in the current financial year-to-date (April to August 2016), compared with the same period in 2015. Public sector net borrowing (excluding public sector banks) decreased by £0.9 billion to £10.5 billion in August 2016, compared with August 2015.

Public sector net debt (excluding public sector banks) at the end of August 2016 was £1,621.5 billion, equivalent to 83.6% of gross domestic product (GDP); an increase of £52.0 billion compared with August 2015. Central government net cash requirement decreased by £7.1 billion to £19.4 billion in the current financial year-to-date (April to August 2016), compared with the same period in 2015.

 

Sterling is currently being traded around 1.30 handle. Pair is likely to find support around 1.2950 handle and resistance above 1.3050 area.

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