An expected structural rotation of the UK economy away from an unhealthy addiction on imports to one that is able to export more, is not happening.
Surprise rise in business investment seen as another major blow to Brexit doomsayers.
The GBP is moving higher at the start of a new week, but there remains a huge distance to travel before the losses triggered by the EU referendum are erased.
The ONS recently released trade figures for the month of June, showing a widened trade deficit, meaning the difference between imports and exports widened by around £900m since May 2016.
The CBI has reported that Britain’s SMEs are expecting to boost exports over coming quarters as the UK becomes more competitive thanks to a devaluation in the overvalued Pound Sterling.