Trade gap in U.K. narrowed more than expected

Note: This section contains information in English only.
Source: Bloomberg

The Office for National Statistics reported on Tuesday that the U.K.'s trade deficit decreased in July to GBP7.2 billion from the June's figure of GBP10.1 billion. Economists, however, expected that the trade deficit would witness a more modest decline and would be equal to 9 billion pounds. Britain's export grew by 9.3%, while imports decreased by 2.1%.

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