U.K. Trade Balance For April -19.61B Vs. -14.20B Est.; -13.97B Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. trade balance for April was reported at -19.61 billion, significantly worse than the estimated -14.20 billion and the prior -13.97 billion.
June 12, 2024 | 6:09 am
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NEGATIVE IMPACT
The U.K. trade balance for April was reported at -19.61 billion, significantly worse than the estimated -14.20 billion and the prior -13.97 billion. This negative trade balance could impact the iShares MSCI United Kingdom ETF (EWU) as it reflects economic challenges in the U.K.
The significantly worse-than-expected trade balance indicates economic challenges in the U.K., which could negatively impact the iShares MSCI United Kingdom ETF (EWU) as it is directly tied to the U.K. economy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80