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UK Trade Deficit Widens As Exports Drop

The gap between imports and exports of goods was at its widest for almost a year in September, according to the Office for National Statistics (ONS).

The ONS said the goods trade deficit widened to £9.816bn, compared with £9.557bn in August.

Including services, in which the UK traditionally has a surplus, the overall trade deficit also widened slightly to £3.268bn.

Separate ONS data brought disappointing news from the construction sector.

The ONS said the UK’s construction sector grew by 1.7% in the third quarter of 2013, but this was slower than the initial estimate of 2.5%.

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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