UK government April borrowing data 24 May 2016
– GBP 6.1 bln from 4.2bn prev
– PSNBR ex banks GBP 7.2bln v 6.4bln exp vs 6.7bln prev from 4.8bln
Ouch. Not pretty headlines as we see govt borrowing on the rise still but GBP unfazed for the moment.