Pound down as trade balance worsens
28 July, 2011
CurrencyIndex
The Pound’s recovery this week has been swiftly halted by UK trade balance figures released this morning, which showed a defecit of some £4.8bn in July – £500m worse than expected.
The next major data release in the UK are tomorrow’s inflation figures, and with the recovery still fragile, any bad news could spell trouble for the Pound.
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