Source: Office for National Statistics
The UK posted a goods and services deficit of 21.3 billion pounds in the three months to January 2022, an increase of 8.6 billion pounds. FTSE 100 is up +0.90%, GBPUSD is down -0.13%.
- The rise in trade deficit reflects an 11.0% or 4.7 billion pounds jump in imports against an 8.7% or 2.5 billion pounds increase in exports.
- Imports from the EU countries increased by 24.3% or 4.7 billion pounds, while exports to the region fell by 20.7% or 3.0 billion pounds. Imports from non-EU countries were unchanged, while exports rose by 4.2% or 0.6 billion pounds.
- Excluding precious metals, the goods deficit increased by 8.7 billion pounds to 51.8 billion pounds, while services surplus rose marginally to 30.5 billion pounds in the quarter to January.
And here is a golden tip
Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots
Leave a Reply