14 April 2010

Pound Rises on Narrowed UK Trade Deficit

More positive news from the UK economy this week, the latest of which was even better than expected! The UK trade deficit narrowed notably in February, and became smaller than it had since 2006.

As a result, the pound rose by a small amount on the currency exchange market. Currency analysts, ever cautious, said that there were some improvements overall to be seen with regards to the British economy and that this might have an effect on the pound in the medium term.

It was stated that the weaker pound may have helped exports to improve - every cloud...!

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