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|Commenting on the UK trade deficit being the biggest since 2008|
|Tuesday, 10 May 2016|
Shilen Shah, Bond Strategist at Investec Wealth & Investment, said: ”With increasing evidence that the economy is slowing down, today’s trade data confirms the view that the external sector is still a drag on GDP, despite the better than expected trade balance.
“The recent fall in Sterling’s trade weight has the potential to be supportive over the medium term. However ahead of the Brexit vote, one of the twin deficits still remains uncomfortably wide.”
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