UK May trade balance report 8 July 2016
- -GBP 9.414bln prev revised up from -10.526bln
- trade balance non-EU -GBP-2.566bln vs -2.8bln exp vs -2.519bln prev revised up from -2.602bln
- trade balance GBP -2.262bln vs -3.57bln exp vs -1.95bln prev revised up from -3.294bln
Exports and imports both down but better than expected data overall. Recent GBP depreciation impact will be seen in Q3 ( September report)
Full details from the ONS here
GBPUSD unfazed at 1.2947 EURGBP 0.8556
