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UK: Goods Trade deficit narrows more than expected in August

UK Goods Trade deficit narrowed to £-9.099B in August from £-10.414B in July, according to data released today by National Statistics. Analysts expected the deficit to narrow to £-9.600B.

Total Trade deficit narrowed to £-1.917B from £-3.079B. UK Trade deficit non-EU narrowed to £-3.587B from £-4.755B and above expectations of narrowing only to £-4.000B.

EUR/GBP muted post-UK data

The sterling showed no surprise on Friday after the UK external sector releases, with EUR/GBP hovering over the upper 0.7800s...
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FTSE at one-year low

The UK Equity index opened lower today to trade at a one-year low after prices broke below a couple of key technical support levels.
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