U.K. exports climbed 13% on a year earlier in June, yet imports increased by more and so the trade deficit climbed to $17 billion – the highest since September. That was 16% higher than expected by economists, and likely reflects a disappointing result in sales to the U.S. Exports to the U.S. fell 14% on a year earlier, partly reflecting a stronger pound one year on from the Brexit vote. A recovery in U.S.-bound trade seems unlikely in July – seaborne shipments fell 9% on a year earlier. Yet, business sentiment remains near a four decade high, suggesting total exports may grow even if tr...