Trade Balance Non-EU (GBP) comes in at -10.448B against -8.781B consensus
| Pair | Now | Since publish |
|---|---|---|
| GBPUSD | — | — |
The UK’s Trade Balance Non-EU was released today, showing a deficit of -10.448B. This figure was wider than the market consensus expectation of -8.781B, representing a -19.0% surprise relative to the forecast. The previous period’s reading stood at -13.05B.
Following the release, the British Pound exhibited varied movement against major currencies over the initial 15 minutes. EURGBP moved -0.6 pips, GBPAUD moved -4.9 pips, GBPCAD moved +1.3 pips, GBPCHF saw 0.0 pips of change, GBPJPY moved +8.2 pips, GBPNZD moved +9.2 pips, and GBPUSD moved -3.7 pips. These initial movements are generally small when compared to the typical median 1-hour moves observed after past Trade Balance Non-EU releases, which include 6 pips for EURGBP, 17 pips for GBPAUD, 13 pips for GBPCAD, 11 pips for GBPCHF, 16 pips for GBPJPY, 17 pips for GBPNZD, and 13 pips for GBPUSD.