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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 |
|
|
1.2653 -285 pips |
1.2994 -56 pips |
1.29377 | |
| GBPJPY |
|
|
185.7841 -646 pips |
193.1419 -90 pips |
192.240 | |
| EURGBP |
|
|
0.8367 -45 pips |
0.8454 -42 pips |
0.84116 | |
| GBPCAD |
|
|
1.8235 -342 pips |
1.8577 -0 pips |
1.85765 | |
| GBPCHF |
|
|
1.1343 -107 pips |
1.1553 -103 pips |
1.14499 | |
| GBPNZD |
|
|
2.2121 -368 pips |
2.2178 +311 pips |
2.24886 | |
| GBPAUD |
|
|
2.0002 -436 pips |
2.0474 -36 pips |
2.04382 | |
| GBPNOK |
|
|
13.7914 +301 pips |
13.9268 -1655 pips |
13.76125 | |
| GBPSEK |
|
|
12.9781 -1240 pips |
13.4374 -3353 pips |
13.10210 | |
| GBPSGD |
|
|
1.7106 -139 pips |
1.7426 -181 pips |
1.72448 |
News (GBP)
UK Economy Contracts Unexpectedly On Weaker Production
The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
RTTNews | 2 days ago
UK Housing Demand Weakest Since 2023, Sales Fall: RICS
Demand for residential property declined to the lowest since 2023 and agreed sales turned negative and house prices logged a subdued growth in February as the stamp duty deadline approaches, the Royal Institution of Chartered Surveyors, or RICS, said on Thursday. Buyer demand weakened in February with the balance falling to -14 percent from -1 percent in January. This was the weakest result since
RTTNews | 3 days ago
UK Halifax House Prices Fall Unexpectedly
UK house prices fell unexpectedly in February as demand started to soften with the stamp duty holiday to end on March 31, mortgage lender Halifax said Friday. House prices registered a monthly fall of 0.1 percent in February, reversing January's 0.6 percent increase. Prices were forecast to grow 0.5 percent.
RTTNews | 9 days ago
