UK Public Sector Net Borrowing Ex Banks (Jan) 30.4B surplus vs. Exp. 23.8B surplus (Prev. -11.58B borrowing)
The January data shows a significantly larger surplus in the UK public sector net borrowing than expected, which may indicate improved fiscal health relative to the previous month’s borrowing.
Next round of Russia-Ukraine talks is reportedly possible next week, via TASS
Newsquawk Daily European Equity Opening News - 20th February 2026
UK Public Sector Net Borrowing Ex Banks (Jan) 30.4B surplus vs. Exp. 23.8B surplus (Prev. -11.58B borrowing)
Hungarian government to release 250k tonnes of crude oil from its strategic reserves after Druzhba oil flow stopped
US ambassador to India says active negotiations are underway with India's Energy Ministry on the import of Venezuelan oil
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This substantial swing could imply reduced pressure on monetary policy as it favors a more stable growth-inflation mix and might influence GBP dynamics during the EU session as traders reassess fiscal outlooks.
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