U.K. Trade Balance For June -15.46B Vs. -16.40B Est.; -18.41B Prior; Trade Balance Non-EU For June -2.77B Vs. -6.39B Est.; -6.62B Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. trade balance for June was reported at -15.46B, better than the estimated -16.40B and the prior -18.41B. The trade balance with non-EU countries for June was -2.77B, significantly better than the estimated -6.39B and the prior -6.62B.
August 11, 2023 | 6:05 am
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POSITIVE IMPACT
The better than expected U.K. trade balance figures for June could have a positive impact on the iShares MSCI United Kingdom ETF (EWU).
The U.K. trade balance figures, which were better than expected, indicate a stronger U.K. economy. This could increase investor confidence in U.K.-related assets, including the iShares MSCI United Kingdom ETF (EWU), potentially leading to a short-term increase in its price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100