Home British Trade Deficit Widens Significantly
Forex Bits

British Trade Deficit Widens Significantly

The trade balance in Britain has significantly risen in January – 9.2 billion pounds. This is higher than last month’s 8.7 billion and early expectations that stood on 8.6 billion. The impact on the British pound seems very limited at the moment – GBP/USD is almost unchanged at around 1.6080.

Previous releases had a stronger impact on sterling. The muted reaction is probably due to the anticipation towards the rate decision expected on Thursday – there might be rate hike…

For more on the pound, read the GBP/USD forecast.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.