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 |
|
|
1.3110 -366 pips |
1.3510 -34 pips |
1.34756 | |
| GBPJPY |
|
|
193.4352 -463 pips |
197.8553 +21 pips |
198.066 | |
| EURGBP |
|
|
0.8572 -97 pips |
0.8654 +15 pips |
0.86690 | |
| GBPCAD |
|
|
1.8279 -245 pips |
1.8575 -51 pips |
1.85236 | |
| GBPCHF |
|
|
1.0806 +14 pips |
1.0993 -201 pips |
1.07923 | |
| GBPNZD |
|
|
2.2443 -410 pips |
2.2520 +333 pips |
2.28529 | |
| GBPAUD |
|
|
1.9913 -696 pips |
2.0761 -152 pips |
2.06088 | |
| GBPNOK |
|
|
13.5556 +50 pips |
13.6154 -648 pips |
13.55059 | |
| GBPSEK |
|
|
12.7820 +201 pips |
12.9308 -1689 pips |
12.76194 | |
| GBPSGD |
|
|
1.7273 -34 pips |
1.7419 -112 pips |
1.73069 |
News (GBP)
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 9 days ago
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 15 days ago
UK Labor Market Cools In Q2
The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | 17 days ago
