wrapper

UK Trade Balance deficit decreased to £9.6 billion

Wednesday, Dec 10 2014

Seasonally adjusted, the UK deficit on trade in goods and services was estimated to have been £2.0 billion in October 2014, compared with £2.8 billion in September 2014.  This reflects a deficit of £9.6 billion on goods, which was in line with market forecasts, partly offset by an estimated surplus of £7.6 billion on services. 

 

Between September and October 2014, exports of goods rose by £0.2 billion to £24.3 billion, mainly reflecting a £0.1 billion increase in exports of erratic items; specifically silver. Imports of goods fell by £0.7 billion to £34.0 billion over the same period, reflecting a £0.9 billion decrease in fuel imports; specifically oil from countries outside the EU. 

 

Sterling remained almost unchanged after figures were released, currently being traded around 1.5670 area. Since there will be no major data releases later today we can expect that pair will found support around 1.5630 level and resistance above 1.5720 area.

More in this category: « French Industrial Production fell by 0.8% Good labour market figures pushed Aussie higher »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.