US ($) Currency Thread 1 (closed - use thread 2)

inspector_monkfish

09:30 11Mar09-UK trade deficit widens in Jan as non-EU exports dive

LONDON, March 11 - Britain's goods trade gap with the rest of the world widened more than expected in January, as a record trade deficit with non-EU countries outstripped an improvement in the trade gap with Europe.

The Office for National Statistics said that Britain's goods trade gap widened more than expected to 7.745 billion pounds in January from 7.232 billion pounds in December, above analysts' forecasts for a deficit of 7.45 billion pounds.

The goods trade gap with non-EU countries also widened more than expected to a record 5.704 billion pounds from 4.340 billion pounds in December. Analysts had forecast a deficit of 4.25 billion pounds.

The ONS said exports to EU countries rose nearly 6 percent, taking the trade deficit with Britain's biggest trading partner to its narrowest since August 2003.

The figures suggest the pound's weakness may be helping boost exports to European countries, but demand for British goods from further afield has fallen sharply.

Exports to non-EU countries fell nearly 16 percent in January, while imports from those countries fell 0.3 percent.

The ONS said demand from non-EU countries fell broadly across manufacturing sectors.

haziec

lisaloo1977 wrote: »

Morning inspector, your in the office early!!! :eek:

I have given up on the $$$ now, we go on sat and i figure, it is was it is.

Not looking great at the moment, i had real hopes before that we would hut the 1.50, and was so close at one point. :mad:

Have a fab time Lisa:cool:

lisaloo1977

You too, safe trip and bring on the sunshine.....

KayJ066

Lisa Im going on saturday aswell, are you flying from heathrow?

inspector_monkfish

easing its way up to 1.3765

Teachertim

What just made the FTSE spike ?

lisaloo1977

Im going with Virgin from Manchester, how about you?

I am past caring about the dollar now, we need divine intervention to make it what i would like.

Monkfish, Mickey mouse clubhouse is on repeat in our house and every available space on sky+ is taken up by episodes. It drives me mad and is no doubt going to get worse after this trip.

KayJ066

Im going with American Airlines from Heathrow to JFK. Just realised you may not be going to NYC! I got my $$ last week from Thomas cook, $1400 for £1018 not bad going.

jackieblack

lisaloo1977 wrote: »

Im going with Virgin from Manchester, how about you?

I am past caring about the dollar now, we need divine intervention to make it what i would like.

Monkfish, Mickey mouse clubhouse is on repeat in our house and every available space on sky+ is taken up by episodes. It drives me mad and is no doubt going to get worse after this trip.

Are you going to Disneyworld then?

jackieblack

KayJ066 wrote: »

Im going with American Airlines from Heathrow to JFK. Just realised you may not be going to NYC! I got my $$ last week from Thomas cook, $1400 for £1018 not bad going.

Such a positive outlook! Some of us would be gutted to only get 1.37!