UK May trade balance report 8 July 2016
– -GBP 9.414bln prev from -10.526bln
– trade balance non-EU -GBP-2.566bln vs -2.8bln exp vs -2.519bln prev from -2.602bln
Exports and imports both down but better than expected data overall. Recent GBP depreciation impact will be seen in Q3 ( September report)