Latest data released by ONS - 21 November 2018
- Prior £3.3 billion; revised to £2.0 billion
- PSNB (ex-banks) £8.8 billion vs £6.1 billion expected
- Prior (ex-banks) £4.1 billion; revised to £2.8 billion
- Public finances (PSNCR) -£3.3 billion vs £15.8 billion prior
Looking at the details, the borrowing for ex-banks represents the highest October borrowing in the past three years. But aside from that, there isn't much else from the release here to matter all too much for markets. As mentioned in the data docket preview, we already got Hammond's budget last month so public finances aren't a thing of a concern for the time being; especially with the Brexit saga still playing out.
