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UK recovery Gains Traction on 5% Export Rise
HAMISH_MCTAVISH
Posts: 28,592 Forumite
http://business.timesonline.co.uk/tol/business/economics/article6827155.eceBritish exports in July rose at their fastest monthly pace since the start of 2008, helping the trade gap to further narrow and boosting hopes of an economic recovery.
The Office for National Statistics (ONS) said the value of British exports rose 5 per cent on the month to £19.187 billion - its fastest increase since January 2008. The weak pound bolstered sales of goods to both non-EU and EU markets.
:beer:
More good news, exports increasing as well.
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Comments
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the value of British exports rose 5 per cent on the month
Cable started the month at about 1.69 and ended the month at about 1.62 :rolleyes:.....mmm let me see, where's my calculator ??'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Oh I love getting the latest figures on tractor production.
Well done the government."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
HAMISH_MCTAVISH wrote: »:beer:
More good news, exports increasing as well.
I would have expected the economy it to do better Hamish. Given the weakness of the pound the value of goods exported should be higher. The continued oil deficit is also not good news.
Consistently running a trade deficit is bad. Eventually no one will want to hold sterling, we can then expect to see high interest rates, bringing mortgage misery.0 -
Someone female on Bloomberg said that she expects the pound to get weaker over the coming months due to all our lovely debt. Still it may help again with exports.0
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