Britain’s trade balance mitigated some of its deficit during the month of July, as reported by the Office of National Statistics. Weakness in the local currency evidently reflected on demand for exported products while in the meantime imports declined as well. Trade values were reported at -£11.76 billion, missing only slightly expectations of -£11.75 billion and leaving behind June’s deeper deficit of -£12.92 billion. The positive economic indications recently released by the UK have helped to lift up the pound while Article 50 has not yet been triggered.
Britain Balances Carefully Amid Strong Headwinds
Daily Analysis - 12/09/2016