U.K. Trade Balance For July -14.06B Vs. 16.00B Est.; -15.46B Prior; Trade Balance Non-EU For July -2.36B Vs. -2.77B Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. trade balance for July was reported at -14.06B, better than the estimated -16.00B and the prior figure of -15.46B. The trade balance with non-EU countries for July was -2.36B, an improvement from the prior -2.77B.
September 13, 2023 | 6:05 am
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POSITIVE IMPACT
The better-than-expected U.K. trade balance figures for July could have a positive impact on the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. market.
The U.K. trade balance is a key indicator of the country's economic health. Better-than-expected figures suggest an improving economy, which could boost investor confidence in U.K.-related assets, including the EWU ETF. The ETF could see a rise in its value as a result.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80