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Public Sector Net Borrowing showed deficit of 12.6 billion pounds

Wednesday, Dec 21 2016
Public Sector Net Borrowing showed deficit of 12.6 billion pounds

Public sector net borrowing (excluding public sector banks) decreased by £7.7 billion to £59.5 billion in the current financial year-to-date (April to November 2016), compared with the same period in 2015. Public sector net borrowing (excluding public sector banks) decreased by £0.6 billion to £12.6 billion in November 2016, compared with November 2015.

Public sector net debt (excluding public sector banks) was £1,655.1 billion at the end of November 2016, equivalent to 84.5% of gross domestic product (GDP); an increase of £58.6 billion compared with November 2015. Public sector net debt excluding both public sector banks and the Bank of England (PSND ex BoE) was £1,598.7 billion at the end of November 2016, equivalent to 81.6% of gross domestic product (GDP); an increase of £46.4 billion compared with November 2015. See section 5 for further details of the supplementary fiscal aggregates.

 

Sterling is currently being traded around 1.24 level. Pair is likely to find support around 1.23 handle and resistance above 1.2450 area.

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