Good News for the UK, Not for the Sterling

ForexYard \ 11:16 AM EDT \ February 21st, 2012
The British government presented its public sector net borrowing figures earlier this afternoon and indicated in the report was a surplus of 7.75 billion GBP. These figures displayed the largest monthly surplus in public finances since 2008. While these figures do well to indicate overall economic health, the GBP/USD is so far not experiencing the kind of boost it might wish for from this news. This could very well be a case of uncertainty regarding the EUR affecting other currencies as well by reverting to the safe haven USD.

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