• prev revised up from 6.38 bln
  • ex-fin intervention GBP +16.505 bln vs +14.95 bln exp
  • PSNCR m/m GBP +0.423 bln vs -16.92 bln prev revised down from -16.77 bln
  • underlying PSNB GBP 84.0 bln Apr-Nov, 2.2% lower y/y
  • cumulative PSNB GBP 70.12 bln ex fin int y/y vs 43.24 bln 2012

Govt borrowing much higher than expected and remains an issue

Gilts reversing earlier gains

GBP still a mixed box of frogs on all the up/down data