Surprise As Uk Trade Gap Widens

[OnlyMe]

Surprise, LOL!

The only resurgence is in ******** figures and inflation, no growth, just more of the same slide down the slippery slope to economic decline and outright bankruptcy.

Companies will be falling over themselves to leave, leaving jsut the ******** merchants to spin the demise.

http://www.google.com/hostednews/ukpress/article/ALeqM5gFlavWNunESMYuY_K1cNv9EWlUbQ?docId=N0049741291890772580A

Surprise as UK trade gap widens

(UKPA) – 11 hours ago

Britain's trade deficit unexpectedly widened in October after imports into the UK soared to a record high, official figures have shown.

Imported goods increased by 3.4% to £31.6 billion - the highest total since records began in 1992 - driven by high purchases of chemicals from other European Union nations, the Office for National Statistics (ONS) said.

Exports rose 4.1% to £23.1 billion, the highest level since 2006, but this was not enough to prevent the trade deficit widening to £8.5 billion from £8.4 billion in September.

[nuts]

Don't worry. It will sort itself out.... you need to consider the deficit over a complete economic cycle.

Have you learn't nothing over the past 10 years ?

Nothing to see here.

[Self Employed Youth]

We export money.

[Krackersdave]

Nothing to do with the run up to xmas then?

[Realistbear]

Surprise, LOL!

The only resurgence is in ******** figures and inflation, no growth, just more of the same slide down the slippery slope to economic decline and outright bankruptcy.

Companies will be falling over themselves to leave, leaving jsut the ******** merchants to spin the demise.

http://www.google.com/hostednews/ukpress/article/ALeqM5gFlavWNunESMYuY_K1cNv9EWlUbQ?docId=N0049741291890772580A

Surprise as UK trade gap widens

(UKPA) – 11 hours ago

Britain's trade deficit unexpectedly widened in October after imports into the UK soared to a record high, official figures have shown.

Imported goods increased by 3.4% to £31.6 billion - the highest total since records began in 1992 - driven by high purchases of chemicals from other European Union nations, the Office for National Statistics (ONS) said.

Exports rose 4.1% to £23.1 billion, the highest level since 2006, but this was not enough to prevent the trade deficit widening to £8.5 billion from £8.4 billion in September.

Brits buying up high end Jerry cars and other luxury goods as an indicator of just how removed we are from troubles elsewhere.

Such news as this would send a strong buy signal to FOREX traders, FTSE and the bond market.

[ParticleMan]

Never trust a statistic you didn't invent yourself... or something.

A basic check would've revealed that this maroon (in the Bugs Bunny sense) of an author has gotten into a flap about the Visible, rather than Total trade balance figures.

A more robust check would've revealed that the Total trade balance was better than expected.

And an exhaustive check would've revealed that the effect on Sterling was neutral (the morning London session yesterday was an all-USD story - it appears that a sizeable portion of the spot market were wrong-footed by the Japanese machine orders data coming in better than expected).

The only surprising thing about this release is that someone's written an article about it having surprised anyone anywhere at all.

Edited December 10, 2010 by ParticleMan