Latest UK govt borrowing data now out

  • £6.7bln prev revised down from 7.5bln
  • PSNB ex banks £14.2bln vs 11.8bln exp vs 7.4bln prev revised down from 8.2bln
  • PSNCR £5.38bln vs £8.85bln Nov 2014

Increased borrowing but better revisions although not enough to make any real difference

The UK govt still a lot to do to address this big problem

Public sector net debt excluding public sector banks at the end of November 2015 was £1,536trln, equivalent to 80.5% of GDP, an increase of £71.9 billion compared with November 2014.

GBPUSD just dipping back below 1.4900 on the news pushing EURGBP nearer 0.7350

Full release from the ONS here and there is also a useful guide to UK public sector debt here as part of your Xmas reading!

I'm stepping away now. Ryan will be along to see what's happening later

Have a good day one and all