22 January 2009

Trade Gap Widens as Pound Plummets

The amount of goods that UK plc buys from abroad exceeded what is sold by a record £8.33 billion in November sending the pound falling and reinforcing expectations of deepening recession.

The Office of National Statistics (ONS) revealed last week trade figures that were up on October's £7.63 billion; while the trade imbalance with non-European countries was at a record low of £5.30bn.

This article may be read in full at money.co.uk

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