United Kingdom Balance of Trade
Since 1998, the United Kingdom's trade balance has been in deficit, owing to deficits in goods trade that are somewhat offset by surpluses in services trade. Since 1986, the amount of total UK products trade as a percentage of total goods and services trade has been gradually dropping after peaking at 75% in 1985. This is associated with the increasing importance of services in UK commerce (35% of total trade in 2017). While Germany, China, the Netherlands, Norway, Belgium & Luxembourg, and Italy had the largest goods deficits in 2017, the United States, Ireland, and South Korea had the largest surpluses in that same period.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.2434 -53 pips |
1.2612 -125 pips |
1.24870 | |
| GBPJPY |
|
|
189.7951 -756 pips |
193.4387 +392 pips |
197.360 | |
| EURGBP |
|
|
0.8560 -3 pips |
0.8601 -38 pips |
0.85630 | |
| GBPCAD |
|
|
1.6964 -87 pips |
1.7105 -54 pips |
1.70510 | |
| GBPCHF |
|
|
1.1277 -146 pips |
1.1555 -132 pips |
1.14230 | |
| GBPNZD |
|
|
2.0787 -224 pips |
2.0739 +272 pips |
2.10110 | |
| GBPAUD |
|
|
1.8850 -261 pips |
1.9246 -135 pips |
1.91110 | |
| GBPNOK |
|
|
0 -137623 pips |
13.7404 +219 pips |
13.76230 | |
| GBPSEK |
|
|
13.2751 -3960 pips |
13.6527 +184 pips |
13.67110 | |
| GBPSGD |
|
|
1.6884 -130 pips |
1.7198 -184 pips |
1.70140 |
News (GBP)
UK Consumer Confidence Strengthens In April
British consumer sentiment improved in April on slowing inflation as well as expectations about further tax cuts, a monthly survey conducted by the market research group GfK revealed Friday. The consumer confidence index rose to -19 in April from -21 in March. The score was also better than economists' forecast of -20.
RTTNews | 17h 58min ago
UK Retail Sales Stable In March
UK retail sales were unchanged on a month-on-month basis in March, defying expectations for a gain, preliminary data from the Office for National Statistics showed Friday. Retail sales including automotive fuel grew 0.1 percent in the previous month. Economists were looking for a 0.3 percent gain for March.
RTTNews | 7 days ago
UK Inflation Slows Less Than Forecast
UK consumer price inflation softened less than expected in March but hit the lowest in two-and-a-half years on food prices, adding uncertainty to the timing of the first interest rate cut from the Bank of England. Inflation weakened to 3.2 percent in March from 3.4 percent in February, the Office for National Statistics reported Wednesday.
RTTNews | 9 days ago
