Pound Holds Ground as UK Trade Deficit Shrinks - Finspreads
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Pound Holds Ground as UK Trade Deficit Shrinks - Finspreads - JCN Newswire
Pound Holds Ground as UK Trade Deficit Shrinks - Finspreads

London, Jan 10, 2013 - (JCN Newswire) - Finspreads - The pound has held its ground in forex markets today (January 9th) as the UK's trade deficit is reported to have narrowed in November 2012.

According to the Office for National Statistics, the 30-day period saw a slight shrinkage to GBP 3.5 billion from October's GBP 3.7 billion, as trade shifts away from the European Union (EU), with goods export volumes sliding compared to the previous year, while exports in the rest of the world increased.

There was a deficit of GBP 9.2 billion on products which was partially offset by an approximate surplus of GBP 5.7 billion on services.

In the three months to November, the volume of goods being shipped to the EU fell by 3.7 per cent and by contrast trade with the rest of the world rose by 6.8 per cent.

At 10:55 GMT, the pound was stable versus the dollar at GBP 1 buying $1.606, while it rose by 0.1 per cent against the euro to EUR 1.228.

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Joshua Raymond
City Index

Jan 10, 2013
From the Japan Corporate News Network
Topic: Press release summary

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