Public borrowing not as bad as expected

28 July, 2011


Public borrowing for February came in at £12.4bn – not as bad as economists had predicted (£14bn) and after yesterday’s unemployment figures were also better than expected, the Pound has gained some strength from the first positive signs in the economy for some time.

With no major data out in the UK tomorrow, there may be an opportunity to secure better exchange rates over the next 24hrs for any payments you need to send abroad.