U.K. Trade Balance For August -15.95B Vs. -14.70B Est.; -13.91B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s trade balance for August was reported at -15.95B, worse than the estimated -14.70B and the revised prior figure of -13.91B.
October 12, 2023 | 6:10 am
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NEGATIVE IMPACT
The U.K.'s worse than expected trade balance for August may negatively impact the iShares MSCI United Kingdom ETF (EWU).
The U.K.'s trade balance, which is worse than expected, indicates a weaker economy. This could lead to a decrease in investor confidence in U.K.-related assets, including the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100