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UK Goods Exports Capitalize on Weak Pound

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Export volume in British goods rose 1.1% over the three-month period ending November 2016, an improvement over the 2.7% decline from the previous period. The uptick in exports indicates the weak pound has created a favorable market for goods entering the country.

Exports, however, did not keep pace with imports, resulting in a trade deficit that increased by 100 million pounds to 35.9 billion pounds ($43.84 billion) during the same period.

Over time, the weaker pound should result in fewer imports and more exports.

(Related on SJ: Retail Strong in UK Despite Brexit Vote)

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