U.K. exports climbed 10% in September, yet the trade deficit was 13% higher than expected due to an 18% jump in imports. This came despite a weakening in the pound making overseas goods more expensive. Exports to the U.S. contracted 10%, but may turnaround in October, with Panjiva data showing seaborne exports rising 15%. Brexit will require trade deals to be done globally, and the U.K. may be able to get an early deal with the new U.S. administration. Bilateral trade between the two has fallen 4% in the past 12 months. The largest trading lines include aerospace, autos, pharmaceuticals ...
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