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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 |
|
|
1.3062 -591 pips |
1.3598 +55 pips |
1.36532 | |
| GBPJPY |
|
|
191.8737 -539 pips |
196.2376 +102 pips |
197.261 | |
| EURGBP |
|
|
0.8540 -88 pips |
0.8618 +10 pips |
0.86275 | |
| GBPCAD |
|
|
1.8164 -409 pips |
1.8596 -23 pips |
1.85726 | |
| GBPCHF |
|
|
1.0853 +20 pips |
1.0997 -164 pips |
1.08333 | |
| GBPNZD |
|
|
2.2130 -417 pips |
2.1477 +1070 pips |
2.25472 | |
| GBPAUD |
|
|
2.0363 -478 pips |
2.0963 -122 pips |
2.08411 | |
| GBPNOK |
|
|
13.6623 -829 pips |
13.8214 -762 pips |
13.74518 | |
| GBPSEK |
|
|
12.8783 -1677 pips |
13.1869 -1409 pips |
13.04604 | |
| GBPSGD |
|
|
1.7340 -56 pips |
1.7508 -112 pips |
1.73959 |
News (GBP)
UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 12h 7min ago
UK Car Sales Expand On Strong Electric Car Demand: SMMT
UK car sales expanded for the second straight month and marked the best June since 2019 with strong growth in battery electric car demand, data from the Society of Motor Manufacturers & Traders showed on Friday. New car market grew 6.7 percent from a year ago to 191,316 units in June. This was the best June since 2019, helping lift first half performance 3.5 percent above the same period last yea
RTTNews | 15h 58min ago
UK Service Sector Growth At 10-Month High
The UK service sector posted its fastest growth in ten months in June underpinned by a renewed improvement in order books, final purchasing managers' survey from S&P Global showed on Thursday. The services business activity index climbed to 52.8 in June from 50.9 in the previous month. This was the highest score since August 2024 and above the initial estimate of 51.3.
RTTNews | 1 day ago
