Weblogic

The UK deficit on trade in goods and services unexpectedly widened to £3.8 billion ($5.7 billion) in January from a revised £2.6 billion deficit in December, and the deficit on trade in goods swelled to £8.0 billion, the most since August 2008, from December’s revised £7.0 billion deficit, according to figures from the Office for National Statistics. Imports declined 1.6% m/m in January. Exports fell 6.9% m/m, the most since July 2006. The deficit with EU countries narrowed to £3.2 billion in January from a revised £3.6 billion deficit in December, while the deficit with non-EU countries widened to £4.8 billion, the most in a year, from December’s revised £3.4 billion deficit.