UK trade deficit widens to worst in 17 months

[link to news.bbc.co.uk]

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 (ONS).

The UK's trade gap in physical goods widened to £7.99bn ($12bn), well above the £7bn forecast by economists




but here comes the clincher for why may be the EEC loves grease as the nemesis

in the race to devalue money a certain nation will beat most but on the way you need to try and devalue as well so now the UK pound is dropping in value and the euro as well which is good for export to the world




The news was disappointing especially since the weak pound might have been expected to boost sales abroad.