UK Public Sector Net Debt Rises
Data just out has shown that public sector net borrowings in the UK registered a less than expected rise for February, after a decline in January. With no other notable domestic macro triggers today, Sterling investors will keep a tab on next week’s consumer price inflation and retail sales numbers in the UK for further direction.
Across the Atlantic, a weekly survey released yesterday revealed that initial jobless claimants in the US increased less than expected for the previous week. In the Euro zone, a report released earlier today showed that on a monthly basis producer prices in Germany increased for February, after registering consecutive drops for the prior two months.