UK March public sector net borrowing data 21 April
- GBP 6.3 bln prev revised down from GBP 6.5bln
- ex-banking groups GBP 4.8bln vs 6.0bln exp vs 6.9bln prev rev down from 7.1bln
- PSNCR GBP 16.6bln vs -0.4bln prev rev down from +0.1%
- central govt NCR GBP 18.8bln vs -0.7bln prev rev down from -0.5bln
- public sector borrowing 2015/2016 GBP 74bln vs 91.7bln prev, 3.9% of national income
Welcome decrease in March borrowing, the lowest for the month since 2006, but the 2015/16 PSNBR total exceeds Osborne's March 16 Budget forecast of £72.2bln
Full ONS report here
GBPUSD holding onto 1.4300 bids/support and now 1.4315. EURGBP 0.7887 after failing at 0.7900.
Traders will be cautious of getting too extended ahead of ECB.
