Foreign analysts expect China will allow further deprecation of yuan to offset any export pressure caused by the British breakaway, while mainland-based commentators are tending to argue the currency rate will remain stable, and cash outflow will also be kept under control.
The deficit in the three months to March was £32.6bn, the Office for National Statistics said, down slightly from the upwardly revised £33.96bn recorded in the final quarter of 2015.
The number of people out of work fell by a seasonally adjusted 6,000 to 2.69 million, data from the Federal Labor Agency in Nuremberg showed on Thursday. The median estimate in a Bloomberg survey was for a drop of 5,000. The jobless rate remained unchanged at a record low of 6.1 percent.
Next Trading Day's Important Events
- 17:00 (GMT 3) US PMI (ISM)
- USDJPY: 102.86
- EURUSD: 1.1097
- S&P 500: 2,072.10
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