09.01.2015 - Statistics in the UK was contradictory
Statistics on the trade balance of the UK cheered investors. Thus, the trade deficit in November fell to 8.8 billion against 9.8 billion in October. Analysts predicted deficit reduction to 9.5 billion. Exports in the country fell by only 0.1 billion, which was due to the reduction of fuel sales. It is worth noting that the industrial and construction sector showed a decline of 0.1% and 2.0% in November, which will put pressure on oil prices in the future. Our medium-term outlook for the British pound is a negative, but we admit the possibility of the price correction in the near future.