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GBP/USD Daily Forecast – 24 July

Friday, Jul 21 2017
GBP/USD Daily Forecast – 24 July

From the UK, on Friday, Public Sector Net Borrowing figures were released. Public sector net borrowing (excluding public sector banks) increased by £1.9 billion to £22.8 billion in the current financial year-to-date (April 2017 to June 2017), compared with the same period in 2016. The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £58.3 billion during the financial year ending March 2018.

Public sector net borrowing (excluding public sector banks) increased by £2.0 billion to £6.9 billion in June 2017, compared with June 2016. Public sector net borrowing (excluding public sector banks) decreased by £25.9 billion to £46.2 billion in the financial year ending March 2017 (April 2016 to March 2017) compared with the financial year ending March 2016; this is the lowest net borrowing since the financial year ending March 2008.

 

There will be major no data releases both from the UK and USA on Monday so we can expect a bit steadier session.

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