CurrencyIndex.co.uk

Foreign Currency Exchange Specialists

Wednesday, 12 January 2011

Trade gap widens

The Pound's recent run came to a halt this morning, as the UK's trade balance worsended slightly for November, compared to expectations of a slight improvement.

Stronger than expected industrial production in the Eurozone and import figures in the USA have not helped exchange rates either.

The Pound has recovered a little this afternoon however, and we now await tomorrow's round of interest rate decisions along with UK manufacturing figures at 9.30.

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