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Public finance data a little worse

UK DATA
  • The public finance numbers released this morning show borrowing a bit worse than expected - but still GBP16.9bln less YTD than the OBR's last set of forecasts.
  • However, these data come too close to tomorrow's Autumn Statement to have any impact on the OBR's upcoming forecast revisions.
  • There should be no real market impact here.

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