UK November visible trade balance -£12.0 billion vs -£11.4 billion expected


Latest data released by ONS – 11 January 2019

  • Prior -£11.9 billion
  • Non-EU trade balance -£3.9 billion vs -£3.8 billion expected
  • Prior -£4.3 billion


ONS notes that widening of the goods trade deficit was mostly driven by oil and other erratics but there isn’t much to really gather from the release here anyway. The more immediate focus in terms of data releases is on the monthly GDP figures which weren’t all too exciting anyway.

Back to Brexit for the pound it is, then. GBP/USD sits at 1.2725 currently just off the lows of 1.2710 earlier.

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