UK Debt Pile Increases

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The approval of the Spanish banking bailout by the German constitutional court came as a much needed relief to jittery investors, although rising Spanish bond yields continue to be a matter of concern. Meanwhile, the Finnish vote and the Eurogroup teleconference to sign off the €100 billion Spanish banking bailout hogs the spotlight in today’s trading session. Across the Atlantic, argument for QE3 has become stronger following an array of weak economic data released yesterday.

At home, data just out has indicated that UK’s public sector borrowing grew for the second consecutive month, casting doubts over the government’s ability to match its deficit target.

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UK Debt Pile Increases

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