|Medium||£-12.325 B||£-12.363 B||
Trade Balance is calculated as the difference in value between imported and exported goods and services. If the national exports exceed imports, a positive balance is formed. Otherwise there is a trade deficit.
The Trade Balance is a measure of the UK economic development. Import is an indication of domestic demand; export shows external demand. A positive trade balance can have a positive effect on British pound quotes, because exporters need to buy British currency in order to pay to manufacturers.
The chart of the entire available history of the "United Kingdom Trade Balance" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.