Forex Flash: UK trade deficit slightly wider than expected – BBH

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FXstreet.com (Barcelona) - Brown Brothers Harriman analysts have taken a look at today´s UK Trade Balance numbers and note a slight widening of the deficit from GBP 9.16bln in November after a GBP 9.49bln shortfall in October.

They note that the small improvement came from trade with the EU. They write, "The BOE meets tomorrow and it is widely expected to stand pat.  There seems to be less conviction that another round of gilt purchases will do much good at this juncture. Sterling for now looks comfortable in roughly $1.60-$1.61 range."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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