Shutterstock photo
Markets

U.K. public sector net borrowing hits £12.5 billion in December

Shutterstock photo

Shutterstock photo

Investing.com -

Investing.com - U.K. public sector net borrowing deteriorated in December, official data showed on Thursday.

The Office for National Statistics reports that U.K. public sector borrowing, the difference between spending and income, was £12.47 billion in December, up from £11.73 billion in November.

Analysts had expected the U.K. public sector net borrowing to total £9.0 billion in December.

GBP/USD was trading at 1.5162 from around 1.5165 ahead of the announcement, while EUR/GBP was at 0.7664 from 0.7666 earlier.

Meanwhile, European stock markets were mixed. London's FTSE 100 rose 0.25%, the EURO STOXX 50 inched up 0.25%, France's CAC 40 dipped 0.1%, while Germany's DAX declined 0.1%.

Investing.com offers an extensive set of professional tools for the financial markets.

Read more News on Investing.com and download the new Investing.com apps for Android and iOS!

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx