Investing.com – The U.K.’s goods trade deficit was unchanged in July, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said the country's visible trade deficit held steady at a seasonally adjusted GBP8.9 billion in July, confounding expectations for a deficit of GBP8.5 billion.
Export prices of goods totaled GBP25.4 billion and import prices of goods came in at GBP34.3 billion.
The report said that the total trade deficit was unchanged at GBP4.5 billion in July. Analysts had expected the total trade deficit to narrow to GBP4.2 billion.
Export prices of total goods amounted to GBP39.26 billion and import prices of goods came in at GBP43.71 billion.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.49% to trade at 1.5786.
Meanwhile, European stock markets were broadly lower. The FTSE 100 fell 0.85%, the EURO STOXX 50 tumbled 1.5%, France’s CAC 40 sank 2%, while Germany's DAX retreated 1%.
In a report, the U.K. Office for National Statistics said the country's visible trade deficit held steady at a seasonally adjusted GBP8.9 billion in July, confounding expectations for a deficit of GBP8.5 billion.
Export prices of goods totaled GBP25.4 billion and import prices of goods came in at GBP34.3 billion.
The report said that the total trade deficit was unchanged at GBP4.5 billion in July. Analysts had expected the total trade deficit to narrow to GBP4.2 billion.
Export prices of total goods amounted to GBP39.26 billion and import prices of goods came in at GBP43.71 billion.
Following the release of that data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.49% to trade at 1.5786.
Meanwhile, European stock markets were broadly lower. The FTSE 100 fell 0.85%, the EURO STOXX 50 tumbled 1.5%, France’s CAC 40 sank 2%, while Germany's DAX retreated 1%.