The monthly report on the government public sector borrowing saw a modest decline in December. But compared over the year, borrowing was higher.
For December, the UK government borrowed about 0.2 billion GBP less compared to the same period in 2018. On a yearly basis, public sector borrowing was 4 billion GBP higher.
GBP/USD Breaks Past 1.3100 Resistance
The currency pair breached the resistance level of 1.3100 on Wednesday right after it broke the falling trend line. A brief retest saw price accelerating to the upside. If the pound sterling can stay above the 1.3100 level, we expect further gains. The next main target is at 1.32260.
