Forex News – UK trade deficit shrank as exports rose
Posted on January 9, 2013 at 9:46 am GMTThe UK trade gap shrank in November as exports rose more than imports, although the overall total trade balance is still in deficit. According to a report by the UK Office for National Statistics the goods trade deficit narrowed to 9.164 billion pounds from 9.487 billion pounds in October. This was slightly worse than the expected deficit of 9.05 billion pounds. The latest data reveals a sizeable deficit and makes it more likely that net trade was a drag on [..]