Trade gap widens unexpectedly
The UK’s goods trade deficit with the rest of the world unexpectedly widened to its biggest since August 2008 in January.
And exports saw their sharpest drop in more than three years, according to the Office for National Statistics.
The UK’s trade gap in physical goods widened to £7.99bn ($12bn), well above the £7bnn forecast by economists.
The news was disappointing especially since the weak pound might have been expected to boost sales abroad.
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