GBPUSD CLIMBS as UK borrowing hits lowest level since financial
The pound to US dollar exchange rate is trading at $1.2812; 0.3 per cent above opening levels after yesterday’s sell-off.
Net borrowing for the UK public sector was expected to run a deficit of -£1.5 billion in March, but instead the government posted a shortfall of -£4.36 billion.
On a monthly basis, March’s deficit was up 20 per cent on twelve months prior at -£5.1 billion.
Net borrowing for the UK public sector was expected to run a deficit of -£1.5 billion in March, but instead the government posted a shortfall of -£4.36 billion.
On a monthly basis, March’s deficit was up 20 per cent on twelve months prior at -£5.1 billion.