Sterling Trade Data Reaction Will Be Important

Forex Fundamental Analysis Reports | Written by Investica | Sep 11 07 04:29 GMT |

The UK trade data remains prone to erratic shifts on a month-by-month basis, although the underlying trend has been for a slight improvement over the past 2-3 months while volatility has been lower. (see attached chart) The trade data will be watched closely as it will provide important insight into key areas for Sterling. The export data will be important as recent survey evidence has suggested that exports are holding firm. Significant weakness in the export data would increase fears over a deterioration in competitiveness and counter the survey evidence. Import data will also be important as a weak figure would suggest that consumer demand is slowing. ........Read more.......