The rise in the debt-to-GDP ratio is driven more by the assumed sharp fall in the GDP rather than an increase in debt, the UK’s Office for Budget Responsibility (OBR) said on Friday. “Latest official budget deficit data rely heavily on estimates, it will be months before the true cost is clear,” the OBR added in its statement. “It’s not possible to say at this stage what the overall size or direction of future public borrowing revisions might be.” Market reaction The GBP/USD pair largely ignored these remarks and was last seen losing 0.4% on the day at 1.2175. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP: Upside met tough resistance at 0.9000 FX Street 3 years The rise in the debt-to-GDP ratio is driven more by the assumed sharp fall in the GDP rather than an increase in debt, the UK's Office for Budget Responsibility (OBR) said on Friday. "Latest official budget deficit data rely heavily on estimates, it will be months before the true cost is clear," the OBR added in its statement. "It's not possible to say at this stage what the overall size or direction of future public borrowing revisions might be." Market reaction The GBP/USD pair largely ignored these remarks and was last seen losing 0.4% on the day at 1.2175. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
