U.K. trade deficit shrinks more than forecast in June

NEW YORK (Forex News Now) – Britain’s goods trade deficit with the rest of the world shrank further than forecast in June, official data showed on Tuesday in one of the day’s major FX news events.

The Office for National Statistics said Britain’s goods trade deficit with the rest of the world declined to GBP 7.4 billion during the month, down from a revised GBP 8 billion in May.

Global forex analysts had expected a more modest drop to GBP 7.8 billion in June, two major forex news outlets reported.