UK November trade balance data 11 Jan
– -GBP 9.885bln prev from -9.711bln
– trade balance -£4.167bln vs -3.5bln exp vs -1.547bln from -1.971bln prev
– trade balance non-EU -£3.577 bln vs -3.0bln exp vs -2.116bln from-1.598bln prev
Worsening trade balance proving that the weaker pound does little to improve a net importer’s account.