OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: UK Public finance data triggers more debt issuance - Nomura

FXstreet.com (Barcelona) - Nomura economist Phillip Rush notes that the recent UK Public Finance data has triggered more debt issuance by the Government.

He notes that borrowing in March was close to expectations at £15.1bn, but it was higher after revisions. He notes that “In cash terms, that an unprecedented rise in net departmental outlays caused the CGNCR to be much higher than we expected and trigger an upward revision to the financing remit: Gilt issuance +£4.7bn to £155.7bn; T-Bills +£2bn.”

Euro bears out of the caves

The ephemeral joy after the better-than-expected French manufacturing PMI print served at least to lift the shared currency to session highs above 1.3080, however it later proved to be short-lived...
Read more Previous

Forex: EUR/USD consolidates losses below 1.3000

The selling interest remains intact amongst euro traders on Tuesday so far, as the single currency is unable to gather any traction to leave the current lows around 1.2980....
Read more Next
Start livechat