U.K. trade deficit in goods widens to £11.83 billion in October

Market news

10 December 2015

U.K. trade deficit in goods widens to £11.83 billion in October

The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Thursday. The U.K. trade deficit in goods widened to £11.83 billion in October from £8.80 billion in September.

Exports of goods dropped 2.7% in October, while imports climbed 8.2%.

A strong pound and the weak global economy weigh on exports.

The total trade deficit, including services, widened to £4.14 billion in October from £1.07 billion in September. September's figure was revised up from a deficit of £1.35 billion.

French industrial production rises 0.5% in October

Reserve Bank of New Zealand lowers its interest rate to 2.50%

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