Details of the UK public sector borrowing figures for August 2017

  • Prior -0.760bn. revised to -1.292bn
  • PSNB ex-banks 5.669bn vs 7.100bn exp. Prior -0.184bn. Revised to -0.716bn
  • PSNCR 0.037bn vs -3.912bn prior. Revised to -3.678bn
  • Central gov NCR 1.1bn vs -6.9bn prior. Revised to -7.15bn

Notes from the ONS.

  • Borrowing in financial YTD 28.3B, 200M lower than year-ago
  • August saw a small fall in Corporation tax
  • Estimates indicate full financial year ending March 2017 public sector borrowed 45.6B (2.3% of GDP)
  • Self-assessment receipts over last two-months at 9.4B (July & August) an all time high
  • August 2017 borrowing 5.7B; 1.3B lower than in August 2016

Not a lot here for traders to get their teeth into. Good news on the self-assessment receipts, meaning sole traders and self employed are making money.

GBPUSD not doing an awful lot around 1.3500

 

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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