U.K. Trade Balance Non-EU For April -7.29B Vs. -3.81B Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. trade balance for non-EU countries in April was -7.29 billion GBP, significantly worse than the previous month's -3.81 billion GBP.
June 12, 2024 | 6:09 am
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The U.K. trade balance for non-EU countries in April was -7.29 billion GBP, significantly worse than the previous month's -3.81 billion GBP. This could negatively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects broader economic challenges.
The significant worsening of the U.K. trade balance for non-EU countries suggests economic challenges that could negatively impact the performance of the iShares MSCI United Kingdom ETF (EWU), which tracks the performance of the U.K. equity market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80