UK DATA: Aug Trade Gaps Widen Sharply As Oil Deficit.

UK DATA: Aug Trade Gaps Widen Sharply As Oil Deficit Surges
-UK Aug global goods trade deficit stg9.844b vs stg7.34b Jul
-UK Aug total trade deficit stg4.169b vs stg1.705b Jul
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A marked increase in the oil deficit fueled a sharp
widening in the UK’s trade deficits in August. The August total trade
deficit surged to stg4.169 billion from stg1.705 billion in July
while the goods trade deficit widened to stg9.844 billion from
stg7.337 billion in July, with both measures much wider than analysts’
median forecast. The oil deficit accounted for almost stg1 billion of
the widening, increasing to stg1.659 billion from stg695 billion in
July.