12.03.2015 - Exports and imports of goods in the UK fell in January

UK trade deficit unexpectedly narrowed in January to 8.4 billion, compared with 9.9 billion in December. Analysts predicted that the figure will be 9.7 billion. The reason for this result was the fall in imports by 2.5 billion. Exports fell by 1 billion. Despite the reduction of the deficit, the fall in import and export is a negative signal to investors. Given the strengthening of the US dollar, and the deterioration in the UK indicators, we expect the fall of the British pound in the near future.

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