• +GBP 6.1bln prev rev down from +6.7bln

  • PSNCR GBP -4.0bn vs +21.6bln prev rev up from +19.4bln

  • PSNB ex banking groups GBP +6.8bln vs +8.3bln exp vs 6.8bln prev rev down from +7.4bln

Full deets from ONS here

Budget deficit narrowing more than expected, down almost 27% from a year ago

Lowest shortfall for April since 2008

GBP not over impressed though as there's still plenty of work to do

GBPUSD 1.5655 EURGBP 0.7133