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UK Borrowing and BoE/Fed Speeches in Focus
We’re expecting a mixed start to the European session on Tuesday as traders eye the latest U.K. public finances data and speeches from members of the Federal Reserve and Bank of England. U.K. public sector net borrowing in August is expected to stand at £8.65 billion in August after achieving a small surplus the month before. Borrowing this fiscal year is on course to fall again from last year, having declined by more than £7 billion up until July. Higher tax receipts are contributing largely to this as the economic recovery continues at a strong pace and unemployment falls further. Wages are now also improving ... (full story)
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