Investing.com – The U.K.’s trade deficit narrowed less-than-expected in September, official data showed on Tuesday.
In a report, , the U.K. Office for National Statistics said the country's trade deficit narrowed to a seasonally adjusted GBP 8.2 billion in September, compared to a deficit of GBP 8.5 billion in August, whose figure was revised from a deficit of GBP 8.2 billion.
Economists had expected the trade deficit to narrow to GBP 7.9 billion in September.
The report said that the volume of exports fell by 1.0% in September, while the volume of imports fell by 1.7%, compared with August.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.11% to hit 1.6119.
Meanwhile, European stock markets were up. The FTSE 100 gained 0.61%, the EURO STOXX 50 was up 0.33%, France’s CAC 40 added 0.29%, while Germany's DAX gained 0.34%.
In a report, , the U.K. Office for National Statistics said the country's trade deficit narrowed to a seasonally adjusted GBP 8.2 billion in September, compared to a deficit of GBP 8.5 billion in August, whose figure was revised from a deficit of GBP 8.2 billion.
Economists had expected the trade deficit to narrow to GBP 7.9 billion in September.
The report said that the volume of exports fell by 1.0% in September, while the volume of imports fell by 1.7%, compared with August.
Following the release of the data, the pound was down against the U.S. dollar, with GBP/USD shedding 0.11% to hit 1.6119.
Meanwhile, European stock markets were up. The FTSE 100 gained 0.61%, the EURO STOXX 50 was up 0.33%, France’s CAC 40 added 0.29%, while Germany's DAX gained 0.34%.