What will happen?

Great Britain will publish its trade balance for April on June 11, at 09:00 MT time. This indicator shows the difference in value between exports and imports. If the number is positive, the country has more exported goods than imported. The British trade deficit reached GBP 2 billion in March, despite analysts’ expectations of GBP -6.1 billion. According to current forecasts, the trade balance fell to GBP -3.2 billion in April.

How to trade on the British Trade Balance?

At first, visit the economic calendar. Find this release and check the estimates. Right after the release, compare the actual figures with the forecasts and follow the steps below.

If the indicator is higher than the forecasts, the GBP will move higher;

Alternatively, we can expect a fall of the GBP.

Instruments to trade: GBP/USD, EUR/GBP, GBP/JPY

Similar

12.02.2022 04:11

What will move the market on February 14-18?

Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!

29.01.2022 02:40

What will move the market on January 31-February 4?

The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?

21.12.2021 00:00

The US Inflation Is in Focus Again

The United States will publish Core PCE Price Index on Thursday at 15:30 GMT+2.

20.12.2021 23:00

Final Opportunity for the CAD

Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.

13.12.2021 23:50

Bank of England’s Statement

The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.

13.12.2021 23:30

Key Event for All Forex: Fed Statement

The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.

View all

What will happen?

How to trade on the British Trade Balance?

Account opening