UK July GBP MoM 0.3 % vs 0.2% expected

UK July 2018 GBP and trade on 10.09.2018

• GDP prior 0.1%
• July Trade balance -9.97B£ vs -11.75B exp, prior -11.38B, revised to -10.68B
• Total trade balance -0.111B£ vs -2.1B exp, prior -1.861B
• Trade balance non-EU -2.80B£ vs -3.3B exp , prior -2.94B, revised to -2.86B

GDP smalls better, trade deficits lowest since Feb . GBP relatively unmoved as IP slows.
ONS says GDP lifted by the World Cup and warm weather boosting retails sales, construction also a bit stronger.

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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