The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Friday. The U.K. trade deficit in goods narrowed to £10.64 billion in November from £11.20 billion in October. October's figure was revised down from a deficit of £11.83 billion.
The decline in deficit was driven by a drop in imports. Exports of goods dropped 1.3% in November, while imports slid 2.5%.
The total trade deficit, including services, narrowed to £3.17 billion in November from £3.51 billion in October. October's figure was revised down from a deficit of £4.14 billion.