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UK Trade Balance deficit widen to £11.8 billion

Thursday, Dec 10 2015
The UK’s deficit on trade in goods and services was estimated to have been £4.1 billion in October 2015, a widening of £3.1 billion from September 2015. The widening is attributed to trade in goods where the deficit has widened from £8.8 billion in September 2015, to £11.8 billion in October 2015. Smaller deficit of £9.8 billion was expected.
 
The trade in goods widening was mainly the result of a large increase in imports of goods; up £2.3 billion to £35.4 billion between September 2015 and October 2015. This increase mainly reflected a rise in imports of finished manufactures of £1.1 billion. Exports of goods decreased by £0.7 billion to £23.5 billion in October 2015.
 
Sterling is currently being traded around 1.5170 area. Pair is likely to find support around 1.51 handle and resistance above 1.5250 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release. 
More in this category: « French CPI fell by 0.1% BoE keeps interest rates unchanged »

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