Investing.com – Britain's deficit on trade in goods widened further than expected in March, official data showed on Thursday.
The U.K. statistics agency, National Statistics, said in a report that the deficit grew to GBP 7.5 billion during the month, up from GBP 6.3 billion in February, whose figure was revised up from GBP 6.2 billion.
Economists had expected the deficit only to widen to GBP 6.5 billion.
Following the release of the data, sterling was down against the U.S. dollar, with GBP/USD shedding 0.18% to reach 1.4798.
The U.K. statistics agency, National Statistics, said in a report that the deficit grew to GBP 7.5 billion during the month, up from GBP 6.3 billion in February, whose figure was revised up from GBP 6.2 billion.
Economists had expected the deficit only to widen to GBP 6.5 billion.
Following the release of the data, sterling was down against the U.S. dollar, with GBP/USD shedding 0.18% to reach 1.4798.