UK Office for Budget Responsibility out with latest report 21 Feb

  • But the full-year deficit is still unlikely to fall as sharply from last year's figure as a simple extrapolation of the year to date would suggest.

The monthly report comes in the wake of today's release of latest UK govt borrowing data that Justin reported here

GBPUSD currently 1.3916 with EURGBP 0.8847 with EURUSD surviving a test of 1.2300 where decent size option interest is being defended.

Full OBR report here