U.K. Trade Balance Non-EU For December -3.32B Vs. -3.75B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s trade balance with non-EU countries for December showed a deficit of -3.32 billion, an improvement from the revised -3.75 billion deficit reported for the previous period.
February 15, 2024 | 7:13 am
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POSITIVE IMPACT
The improvement in the U.K.'s trade balance with non-EU countries may have a neutral to slightly positive impact on EWU, reflecting better-than-expected trade performance.
The iShares MSCI United Kingdom ETF (EWU) tracks the investment results of an index composed of U.K. equities. Improved trade balance figures suggest a potentially stronger economic environment, which could support the performance of U.K.-based companies included in EWU. However, as the data is specific to non-EU trade, the direct impact may be moderated, hence the neutral to slightly positive outlook.
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