UK December global trade balance has come in at -£7.278 bln, demonstrably worse than median forecast of -£6.63 bln, and a deterioration from revised -£6.798 bln seen in November.
Trade gap widest since January 2009.
Data not helped sterling, cable back bel0w 1.5600 again, presently at 1.5585.
3 Responses to “UK trade data disappointing”
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AUTOREFRESH 
EURGBP near the 38.2 retrace of the 9152-8602 move down. Whatever that means…
any idea when the M&A flows from deals like cadburys might start going through? would imagine that with cable being so low now would be a great time for them to put those moneys through (which would also maybe give cable a major lift)?
Talk of buy interest @ 1.5500 for GBPUSD if that barrier is threatened, there is support @ 1.5533 though … before 1.5500