UK January PSNB has come in at £4.339 bln compared to median forecast of- £2.8 bln, the first borrowing for January on record Ughh.
PSNCR -£11.770 bln compared to median forecast of -£20.0 bln. Lowest repayment for a January since January 2003.
Public finances in the crapper.
ONS says the deterioration due to central government current receipts falling sharply as both income tax and capital gains tax inflows dropped markedly.
Cable lower, presently at 1.5587.
Next support 1.5580.
Would hazard a guess decent buy orders lined up down at 1.5550/60