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Public Sector Net Borrowing
The indicator represents the amount of new borrowings of the British government. It assesses the difference in expenditures and revenues of the government, local authorities and state-owned companies over the reporting period. Index values that are above zero indicate a budget deficit, while those below zero show a surplus.
In this article, we will talk about the economic calendar and determine what is better to rely on when making a decision to open deals: forecasts or previous values of indicators.
Today we will study the reaction of the foreign exchange market to the publication of revised values of economic indicators. And let's see if it's worth relying on them when making a decision to enter the market.
Previous studies trading on rollbacks have shown the usefulness of such a strategy for a number of economic events in the US, Australia and the Eurozone. Now let's see if trading on rollbacks is suitable for UK events.