U.K. Trade Balance For June -18.89B Vs. -16.00B Est.; -18.59B (Revised) Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. trade balance for June was reported at -18.89 billion, worse than the estimated -16.00 billion and the revised prior figure of -18.59 billion.
August 15, 2024 | 6:25 am
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NEGATIVE IMPACT
The U.K. trade balance for June was reported at -18.89 billion, worse than the estimated -16.00 billion and the revised prior figure of -18.59 billion. This could negatively impact the iShares MSCI United Kingdom ETF (EWU) in the short term.
The worse-than-expected trade balance indicates potential economic weakness in the U.K., which could negatively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects the performance of U.K. equities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80