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16th May 2022 18:00U.K., Daily Monitor

The trade deficit, excluding erratics, jumped to a recordhigh in March, largely due to the surge in energy prices.

High energy prices, surging imports of travel services and weak export growth will keep the deficit wide.

Governor Bailey is showing no signs of buckling to pressure from MPs for faster rate hikes to tame inflation.

brexit cpi cpi inflation deficit e.u. energy export orders exporters exports g7 imports July labour labour market manufacturing manufacturing pmi monetary policy mpc mpc members mps natural gas netherlands new export orders oil oil imports ONS pmi policy q1 q2 q3 real exports recession savings sterling trade trade deficit transport transport services

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Keywords for: The Trade Deficit will Remain Large, Casting a Shadow Over Sterling

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