UK Trade Deficit

The UK trade in goods deficit widened further than was expected in October as imports continued to grow faster than exports, suggesting 'net trade' made little contribution to GDP at the beginning of the final quarter. 

The U.K.'s trade deficit in goods fell to -£9.73BN in September, a much stronger reading then the -£11.40BN forecast by markets.

The U.K.'s trade deficit widened during August although a strong performance over the last three months likely means international trade made a positive contribution to growth during the third-quarter, according to economists. 

The UK export sector boomed in July and during the recent quarter, according to Office for National Statistics data released Monday, helping to lift the economic growth rate to its highest level in more than a year but the jury is still deliberating on the question of how long this performance can go on for. 

The UK trade deficit widened during the second-quarter as exports from the UK fell while imports ticked higher, according to Office for National Statistics data released Friday, which then saw "net trade" weigh on the pace of quarterly GDP growth.

Data from the Office for National Statistics confirms the UK's penchant for importing more than it exports is as alive as ever.

The UK trade deficit narrowed to its lowest level for 6-months in February as imports fell by almost 5.0%.

The Pound has a problem - it is not weak enough to balance the deficit that exists between the UK’s exports and imports.

The British Pound will be subject to the release of official trade and manufacturing data at 09:30 B.S.T.

Pound Sterling exchange rates are likely to be driven by data ahead of the weekend - here are the numbers to look for and the potential foreign exchange reactions.

The UK’s trade deficit remains a notable thorn in the side of UK economy and the British Pound. News that it has narrowed will be welcomed by policy-makers.

The UK’s International Trade Secretary has suggested the UK will be an independent member of the World Trade Union, therefore external to the EU’s single market.