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Important updates for the GBP

Important updates for the GBP

Information is not investment advice

Great Britain will publish its trade balance on June 12, at 09:00 MT time.

Instruments to trade: GBP/USD, GBP/JPY, GBP/CHF

The balance of trade is the difference between imported and exported during the previous month. When the number is positive, that means that more goods were exported than imported. As a result, a higher indicator is better for domestic currency.

The last release showed a bigger level of imports than in April. The balance of trade reached -6.7 billion pounds.  One of the reasons behind this fact is the lockdown in the UK. 

  • If the actual figures of trade balance are greater than the forecasts, the British pound will go up.
  • If the actual figures of trade balance are lower than the forecasts, the British pound will go down.

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