UK February trade balance data 7 April
– £-11.97bln prev rev down from -10.8bln
– trade bal non-EU -3.7bln vs -2.5bln exp vs -3.76bln prev rev down from -2.447bln
So anyone from govt or BOE still want to argue that a weaker pound helps our trade deficit? When will they realise that our exporters still need to ship raw materials in before they can ship out the finished product. And we’re a nation of net importers anyhow.