Britain's trade balance gap shrinks

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
U.K. trade balance deficit shrank in June after trade data showed that overseas sales increased by 4.9%, making it the best quarterly export performance. The trade deficit dropped to 8.1 billion Sterling compared to 8.7 billion in May, making it the lowest reading in a year, according to Office for National Statistics. The exports rose approximately 5% to 78.4 billion British Pounds, the biggest increase in about 15 years.
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Fri, 09 Aug 2013 10:07:08 GMT

Sterling appreciates on trade balance figures

The Sterling strengthened versus the U.S. Dollar, as the Federal Reserve does not provide signs on when it may begin to taper bond purchases, and after the release of trade balance report for June. The Britain's currency advanced 0.12% to $1.5556 versus the greenback and increased 0.09% to 0.8604 against the Euro, and gained 0.10% to 150.36 against the Japanese

Fri, 09 Aug 2013 10:18:04 GMT

Dollar heads for weekly fall amid China recovery signs

The U.S. Dollar headed towards a weekly fall versus all its major peers after data showed that China's, Europe's and U.K's economies are strengthening, curbing demand for the greenback. The U.S. currency remained steady at 96.63 versus the Yen, headed towards a weekly drop of 2.3%. The 17-nation currency was flat at $1.3381.

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