UK Public Finances Increase Less Than Expected

© Reuters. UK public finances increase less than expected. – UK’s public finances rose less than expected in September, official data showed on Wednesday. In a report, the Office for National Statistics said that UK Public Sector Net Borrowing increased to a seasonally adjusted 5.33 billion, from 4.14 billion in the preceding month whose figure was revised down from 5.09 billion. Analysts had expected the net borrowing to increase to 5.70 billion. After the report, GBP/USD was trading at 1.3134 compared to 1.3127 prior while EUR/GBP was at 0.8986 from 0.8987 just before.

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