Investing.com - The U.K.'s goods trade deficit narrowed less-than-expected in November, official data showed on Wednesday.
In a report, the U.K. Office for National Statistics said the country's goods trade deficit narrowed to a seasonally adjusted GBP9.2 billion in November from a revised deficit of GBP9.5 billion in October.
Economists had expected the goods trade deficit to narrow to GBP9.1 billion in November.
Seasonally adjusted, the U.K.'s deficit on trade in goods and services was estimated to have been GBP3.5 billion in November, compared with a deficit of GBP3.7 billion in October.
Excluding oil and erratic items, the deficit on trade in goods was GBP22.3 billion in the three months to November. This was GBP0.9 billion less than in the preceding three months.
Following the release of the data, the pound remained modestly higher against the U.S. dollar, with GBP/USD adding 0.08% to trade at 1.6068.
Meanwhile, European stock markets were mildly higher. London's FTSE 100 rose 0.25%, the EURO STOXX 50 gained 0.15%, France's CAC 40 edged 0.15% higher, while Germany's DAX tacked on 0.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
