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    UK: May trade balance expected to deteriorate to -£10.7bn - TDS Sandeep Kanihama

    Research Team at TDS, suggests that today the UK trade balance is out for May.Key Quotes“The market consensus is for a small deterioration in the visible trade balance from -£10.5bn to -£10.7bn and the overall trade balance deteriorating from -£3.3bn to -£3.6bn. With a monthly increase of 11% in April exports, recent volatility (and a high potential for revisions) means the number should be largely ignored by markets, especially since it’s pre-referendum.”

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