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June 11, 2008 - Forex Economic News
UK Trade Deficit increases in April.
The United Kingdom's total trade deficit increased in April according to a release by the Office of National Statistics today. The U.K.'s deficit on the trade of goods and services reached £4.3 billion in April following up a revised £3.8 billion deficit in March. The deficit increase was more than expected by the market as economic forecasts had predicted a deficit of £4.00 billion for the month. The UK showed a deficit on the trade in goods of £7.6 billion in April which was up from £7.1 billion in March. The UK registered a surplus on the trade in services of £3.3 billion in April which was down from £3.4 billion from March. Exports increased in April by £0.7 billion while imports also increased by £1.2 billion. The U.K.'s deficit with the European Union totaled £3.4 billion in April while its deficit with the rest of the world excluding the EU was £4.2 billion.
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Tags: united kingdom, uk, trade balance, deficit, exports, imports, gbp