U.K. Trade Balance For July -20.00B Vs. -18.00B Est.; -18.89B Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. trade balance for July was reported at -20.00 billion, worse than the estimated -18.00 billion and the prior -18.89 billion. This indicates a larger trade deficit than expected.
September 11, 2024 | 6:08 am
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NEGATIVE IMPACT
The iShares MSCI United Kingdom ETF (EWU) may be impacted by the larger-than-expected U.K. trade deficit for July, which could signal economic challenges.
The larger-than-expected trade deficit suggests potential economic challenges for the U.K., which could negatively impact the performance of EWU as it reflects the broader U.K. market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80