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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80