Highlights of the UK April 2015 trade balance data report 9 June 2015

  • Prior -10.12bn. revised to -10.70bn
  • Non-EU balance -2.094bn vs -3.162bn. Revised to -3.429bnbn prior
  • Goods and services -1.20bn vs -3.093bn prior
  • Exports 4.8% vs 1.5% prior (3m/3m 0.0% vs 0.3% prior)
  • Imports -4.8% vs +2.2% prior (3m/3m 2.1% vs 2.1% prior)

Who would have thought we would be getting better numbers? The pound was on it's way higher 30 seconds before the release, as I Skyped to Mr P

GBPUSD toddles up through 1.5300 to 1.5310 from 1.5285

The export/import numbers look good on paper but the 3m figures tell a slightly different story

UK trade balance