U.K. MONEY MARKET DEFICIT FORECAST AT 450 MLN STG

  The Bank of England said it forecast a
  shortage of around 450 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 650 mln stg while banker's balances below target will take
  out around 50 mln stg.
      Partly offsetting these outflows, exchequer transactions
  and a fall in note circulation will add some 200 mln stg and 50
  mln stg to the system respectively.
  

