FX.co ★ UK trade deficit tops forecasts in August

As Bloomberg reports, goods and services trade deficit in the United Kingdom shrank to GBP 3.27 billion in August compared to GBP4.43 billion in July. Economists had called for the indicator to have totaled about GBP 2.15 billion.
Experts say cooling global economic growth along with a strong pound sterling hurt the British business.
According to official reports, the UK deficit on trade in goods saw a deficit of GBP11.1 billion, although analysts had expected GBP9.93 billion.
British exports rose by 3.5% month-over-month, while imports contracted by 0.7%.