UK June Trade Preview: Expect Visible Balance Unchanged
The UK’s trade in goods balance is expected unchanged in June, at a deficit of 7.5 billion pounds.
“While UK exporters are benefiting from a recent markedly weaker pound, this is being countered increasingly by softening domestic demand in key foreign markets,” said Howard Archer, chief UK economist at Global Insight.
The UK/non-EU trade deficit was 4 bln pounds in May, and the total deficit was 4.2 bln pounds.
Need to Know News’ Scream Audio will broadcast the numbers from the ONS at 9.30am BST on Monday.