Free Trial
EUROSTOXX50 TECHS

(U2) Trading Closer To Its Recent Highs

SILVER TECHS

Bearish Trend Condition

GOLD TECHS

Downtrend Snaps - For Now

US TSY FUTURES

Post-PMI Rally, Service Sector Miss

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
UK Data: May Borrowing Down Vs May 2017; 2017/18 Borrowing Revised Lower    
-May PSNBX Stg4.966bn Vs Stg6.966bn May 17  
-UK May Debt Ex-BOE 75.8% of GDP Versus 78.9% in May 2017 
-UK 2017/18 Borrowing Revised Down to Stg39.451bn Vs Stg45.677bn 2016/17
---------------------------------------------------------------------- 
May borrowing undershot its year-ago level, extending a trend 
highlighted by MNI which has run since the start of the 2017/18 fiscal 
year. That left cumulative borrowing at stg11.8bn after the first two 
months of the new fiscal year, the lowest YTD outturn in a decade. Also 
predicted by MNI, sizeable growth in VAT and and income tax receipts 
both materialised in May. VAT receipts rose 5.4% y/y, possibly linked to 
the bumper retail sales showing, while income tax receipts rose by 7.5% 
to stg12.5bn - a record for the month of May. Fiscal year borrowing over 
2017/18 was revised down further in May, to stg39.5b from the stg40.5b 
reported last month. 

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.