UK October visible trade balance -£11.9 billion vs -£10.5 billion expected
Latest data released by ONS - 10 December 2018
- Prior -£9.7 billion; revised to -£10.7 billion
- Non-EU trade balance -£4.3 billion
- Prior -£2.3 billion; revised to -£2.9 billion
The focus for the set of releases here is on the monthly GDP figures and factory activity data, which failed to offer much to markets as the pound remains focused on tomorrow's Brexit deal vote. Looking into details, exports rose by 0.8% m/m while imports rose by 3.5% m/m. Very much low-tier data here.
GBP/USD steadies around 1.2720 levels after the rise-and-fall earlier following the ECJ court ruling on Article 50. EUR/GBP still sits near the highs at 0.8970 currently.