More govt borrowing again after last month's tax-led improvement
- GBP -0.1bln prev rev from -2.1bln
- PSNCR GBP -0.2bln vs -3.5bln prev rev from -3.0bln
- PSNB net banking groups GBP 12.1bln vs 9.,2bln exp vs +0.7bln prev rev from -1.3bln
Rising public sector borrowing will give concerns. Ok cumulatively it may be £4.4bln less than this time last year but still highest August borrowing since 2012 and debt still remains above 80% of GDP
GBPUSD still around session lows of 1.5461 but EURGBP running into offers around 0.7330-35 that I highlighted
