Post date: Sep 09, 2010 4:42:12 PM
Britain's July trade deficit has hit its lowest level since records began in 1998, surprising the markets.
UK-TRADE SNAP - The UK saw its trade figures fall to a record level in July.
According to the Office for National Statistics, the UK's goods trade gap widened to 8.7 billion pounds from 7.5 in billion in June.
It was the biggest increase since records began in 1998.
And Britain's total trade deficit including services was at its highest level for five years, showing exports were unable to drive growth.
Results surprised analysts, who had been expecting little change.
Ingrid Smith, Reuters