Wednesday, June 09, 2010
Britain's trade deficit - going nowhere
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

The trade deficit in April, 3.3 billion, was marginally worse than in March, 3.2 billion, though that was originally reported as 3.7 billion and put some pressure on sterling at the time. In reality, the deficit appears to be stuck at around 3 billion a month, which is disappointing in the context of sterling's highly competitive level vis-a-vis other currencies. Exports and imports both slipped in April, part of which may have been due to the ash cloud. More here.