GBP Trade Balance

Actual
-9.14B
Previous
-8.92B
Forecast
-9.6B

GBP Trade Balance released by the National Statistics is a balance which measures the difference between imports and exports of goods over the reported period. A negative number indicates that imports of goods are greater than exports and when exports are greater than imports, the UK experiences a trade surplus. The report is released monthly about forty days after the reporting period. The figure has a history of being one of the more important reports out of the UK because of the overall significance of Trade on Foreign Exchange Rates. Stronger exports means that foreigners are purchasing more British pounds to pay for locally produced goods. A healthy trade balance is good for both the UK economy and the pound.

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