| U.K. MONEY MARKET DEFICIT FORECAST AT 250 MLN STG | |
| The Bank of England said it forecast a | |
| shortage of around 250 mln stg in the money market today. | |
| Among the main factors affecting liquidity, bills maturing | |
| in official hands and the take-up of treasury bills will drain | |
| some 505 mln stg, while bills for repurchase by the market will | |
| remove around 194 mln. In addition, a rise in note circulation | |
| and bankers' balances below target will each drain around 110 | |
| mln stg. | |
| Partly offsetting these outflows, exchequer transactions | |
| will add some 690 mln stg to the system today. | |