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According to Reuters, sterling is down by 25 pips to $1.5513 to be around flat on the day after previous gains.
This comes after figures revealed the UK public sector borrowing increased unexpectedly in November to its highest on record, leaving gilts futures to fall.
What's more, the UK statistics office revealed this was because of higher government spending on health and defence compared to previous years, as well as more of a contribution to the EU.
In addition, the euro rose to 84.77 pence from around 84.68 pence previously against the pound.
This comes after sterling increased versus the single currency yesterday, as the latter was down by 0.3 per cent at 84.60 because of debt worries, according to the news provider.
However, gains for the pound were only slight.
Posted by Greg Secker
