- GBP 7.00 bln revised down from 7.48 bln
- ex-fin int GBP +6.693 bln vs +10.630 bln exp vs 8.834 bln prev revised down from 9.311 bln
- PSNCR m/m GBP 15.724 bln vs +0.15 bln prev revised up from -0.2 bln
- underlying 2013-14 UK budget deficit shrinks to 6.61% of GDP from 7.36% in 2012-13
- lowest since 2007-2008 and better than the OBR 6.6% forecast
- underlying PSNBR 2013-14 fiscal year GBP 107.7 bln, 6.5% lower than 2012-13
The improved borrowing data has helped put the bid under the pound after the MPC Minute wobble but the budget deficit still remains well above the 4.7% average for advanced economies in 2013 published by the IMF last month
GBPUSD slipping again to 1.6811 as I type