Latest data released by ONS - 11 March 2020
- Prior +£0.8 billion; revised to -£1.4 billion
- Non-EU trade balance £2.2 billion vs -£2.0 billion expected
- Prior £6.7 billion; revised to £4.3 billion
The trade deficit widens to start the year with exports falling by 5.6% on the month while imports rose by 0.7% on the month. The December surplus was also revised to a deficit but again this relates to pre-virus economic data, not something the market is focused on.
