The pound fell after the trade data from the United Kingdom
The pound fell against the dollar to session lows after the publication of the data, which showed that Britain’s trade balance deficit unexpectedly increased in May.
Now the pair GBP / USD is trading at 1.7119 (day before the data was 1.7134).
Probably will couple
support at Tuesday’s low and 1.7084
resistance at a session high of
The Office for national
Statistics reported that the deficit
UK trade balance in May
increased to? 9.2 billion from the deficit? 8.81
billion in April. economists forecast
deficit? 8.75 billion.
At the same time, exports
rose by 0.6% to? 24.1 billion, while
imports grew by 1.7% – to 33.3 billion?.
Sterling was also lower
against the euro, EUR / GBP pair rose
0.17% to 0.7964.
Today in the euro area
data showed that industrial
production in France, Italy and
Holland fell in May. Data
added to concerns over the outlook for
Economic growth in the region.
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