Spanish May yy trade deficit rises to EUR 1.43bln vs 1.2bln prev month

Spanish trade balance data out a short while ago 21 July

  • May deficit rises by 52.1% from a year earlier
  • imports +16.7% to EUR 26.8bln
  • exports +15.2% to EUR 25.4bln

Imports boosted by rising domestic demand and imported energy products.

EURUSD nudging back up to 1.1656 with EURGBP trawling around 0.8960 lifting GBPUSD back above 1.3000 where large options lurk today.

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