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15th Jun 2022 18:00U.K., Daily Monitor

The trade deficit was huge by past standards in April, despite narrowing to £8.5B, from £11.6B in March.

Import values have surged as fuel prices have shot up, while Brexit is continuing to weigh on exports.

We expect the largest trade deficit since the mid-70s in 2022, leaving sterling vulnerable to depreciate further.

brexit deficit e.u. energy energy prices eurostat exporters exports fuel imports June machinery manufacturing manufacturing pmi natural gas oil oil prices pmi sterling supply chain survey data trade trade deficit transport

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Keywords for: The Trade Deficit is On Course to be the Largest Since the Mid-Seventies

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