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UK Goods Trade Balance in deficit of £11.8 billion

Friday, Sep 09 2016

The UK’s deficit on trade in goods and services was estimated to have been £4.5 billion in July 2016, a narrowing of £1.1 billion from June 2016. Exports increased by £0.8 billion and imports decreased by £0.3 billion. The deficit on trade in goods was £11.8 billion in July 2016, narrowing by £1.2 billion from June 2016. This narrowing reflected an increase in exports of £0.8 billion to £24.8 billion and a decrease in imports of £0.3 billion to £36.6 billion.

Between the 3 months to April 2016 and the 3 months to July 2016, the total trade deficit for goods and services widened by £5.1 billion to £14.0 billion. Between the 3 months to April 2016 and the 3 months to July 2016, the deficit on trade in goods widened by £5.0 billion to a deficit of £36.0 billion. Exports decreased by £1.6 billion (2.2%) and imports increased by £3.3 billion (3.2%).

 

Sterling is currently being traded around 1.33 area. Pair is likely to find support around 1.3250 and resistance above 1.3350 handle.

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