The United Kingdom released the public finances for July, showed thatpublic sector net borrowing (PSNB) excluding interventions came flat in July from the revised previous of 14.3 billion from 14.0 billion, and markets expected an estimate of 2.4 billion pound.

On the other hand, public sector net borrowingrecorded a surplus of 2.0 billion pounds in July from the revised previous deficit of 12.4 from 12.0, while market expectations were 0.2 billion pounds.

The PSNCR also recorded a surplus of 5.6 billion pounds compared with the revised previous deficit of 20.4 billion pounds from 21.0 while markets expectations were for -8.0 pounds.