UK: May trade balance expected to deteriorate to -£10.7bn - TDS

Research Team at TDS, suggests that today the UK trade balance is out for May.

Key Quotes

“The market consensus is for a small deterioration in the visible trade balance from -£10.5bn to -£10.7bn and the overall trade balance deteriorating from -£3.3bn to -£3.6bn. With a monthly increase of 11% in April exports, recent volatility (and a high potential for revisions) means the number should be largely ignored by markets, especially since it’s pre-referendum.”