According to the Office for National Statistics, the UK external trade deficit increased in June up to £4,3bn.
Economists had anticipated a £3.1bn increase. This is confirmed by the results of the preliminary survey conducted by Bloomberg,
The deficit increase was mainly caused by lower export (-4.8%), which declined down to £39,2bn. At the same time, the import reached £43.5bn, declining only by 0.8%.
Forex.
According to , the British Pound is still flattish against the US Dollar. The experts report that GBPUSD has finished forming wave A/B of level H8.
The closest levels of support are located at 1.5571 and 1.5489 as well as around the bottom of the MF sloping channel. A break below 1.5684 пwill resume the forming of the previous upswing represented by wave А/В of level Н16. The closest levels of resistance are located at 1.5729 and 1.5766.
