09.10.2015 - Statistics on the trade balance of the United Kingdom disappointed the bulls
Today in the UK has been published statistics on the trade balance whose deficit in August was worse than expected and amounted 11.1 billion compared to the forecast of 10.0 billion. It should be noted that in July the figure was 12.2 billion pounds. Exports in the country increased by 0.8 billion to 23.6, which was due to a record volume of exports of vehicles of 2.4 billion. Imports decreased by 0.3 billion to 34.7 billion. This fact, together with the reduction of the country's economic growth forecast to 0.6% in the third quarter had a negative effect on the price of the British pound, but in the near future we expect a continuation of the upward movement of price.