United Kingdom Trade Deficit Narrows From Higher Exports

Daily Forex Fundamentals | Written by ecPulse.com | Jan 12 10 10:01 GMT |

The United Kingdom today saw its trade deficit narrow despite the recession they are in as a result of higher exports led from the weak royal currency, as overseas consumer were encouraged by the weak pound as goods and services became cheaper, boosted exports to the highest level in a year or more. In November, visible trade balance narrowed to -6784 million pounds from the revised prior deficit of 7016 from 7108 million pounds while analysts were presuming that deficit would narrow to -7000 million pounds. Trade balance non-EU also for November also witnessed shrinkage in deficit to -3032 million pounds from the revised previous deficit of 3473 from 3533 million pounds which is better than the projected deficit of 3425 million pounds. Total trade balance narrowed to -2912 million pounds which is an improvement from the projected deficit of 3000 million pounds and the revised previous deficit of 3120 from 3213 million pounds Ecpulse disclaimer: The content of ecPulse.com and any page in the website contain information for investors/traders and is not a recommendation to buy or sell currencies, stocks, gold, silver & energies, nor an offer to buy or sell currencies, stocks, gold, silver & energies. The information provided reflects the writers' opinions that deemed reliable but is not guaranteed as to accuracy or completeness. ecPulse is not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trades currencies, stocks, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, stocks gold, silver &energies presented should be considered speculative with a high degree of volatility and risk