The Pound has been under pressure this morning following release of Office for National Statistics data showing a rise in UK Public Sector Borrowing during August. The ONS stressed that the monthly figures are volatile and that the figures for the financial year so far may provide a better picture. A Treasury official commented: "Britain`s hard work is paying off with cumulative borrowing £4.4bn lower than at this point last year. We have more than halved the deficit but there`s more to do with debt remaining higher than 80% of GDP."
Still to come this afternoon the EU September Consumer Confidence figure at 3pm with the Caxin Chinese Manufacturing Purchasing Managers Index due for release in the early hours of tomorrow morning.