U.K. Trade Balance Non-EU For August -4.90B Vs. -2.65B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s non-EU trade balance for August was reported at -4.90B, significantly worse than the revised prior figure of -2.65B.
October 12, 2023 | 6:10 am
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The U.K.'s worsening non-EU trade balance could negatively impact the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. market.
The U.K.'s non-EU trade balance, which is the difference between the U.K.'s exports to non-EU countries and its imports from them, worsened in August. This could indicate a weakening U.K. economy, which could negatively impact the performance of the U.K. market and, by extension, the iShares MSCI United Kingdom ETF (EWU), which tracks this market.
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