GBP/USD Lower, U.K. Public Sector Borrowing Little Changed

GBP/USD is trading at 1.2229, down 0.0025. The pair is trading just above the session lows. The U.K. Office for National Statistics reported that public sector net borrowing including banks posted a 10.12 billion sterling deficit in September versus a 8.78 billion sterling deficit a year ago. On the month public sector borrowing improved from a 10.33 billion sterling in August.