Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Wednesday sees another quiet session in terms of data events. The main release in the morning is the UK public sector finances at 0700BST.
UK borrowing forecast to decrease
Public Sector Net Borrowing is expected to tick down further in June with markets looking for a dip to GBP 21.5bn. In May, borrowing eased to GBP 24.3bn, however this was still the second highest May borrowing since records began. Last month's report showed that government receipts increased compared to the previous year, registering at GBP 56.9bn, which is GBP 7.5bn more than a year ago. At the same time, central government bodies spent GBP 10.9bn less on a day-to-day basis at GBP 81.8bn. This trend is likely to persist as the economy continues to recover and coronavirus support measures by the government are gradually running out, resulting in less government spending.
Source: Office for National Statistics
The events calendar remains quiet again with speeches scheduled for the day.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.