Thursday, 9 April 2015

UK trade deficit widens as exports fall to near four-and-a-half year low

UK exports slumped to their lowest in over four years in February as the strong exchange rate and weaker growth in the US appear to have hampered overseas sales. The data add to signs that the UK has become increasingly reliant on consumers in the home market to sustain the economic recovery, further confounding hopes of a rebalancing away from domestic consumption towards exports.