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Balance of Trade

Name: Balance of Trade
Creator: TipRanks

The Balance of Trade in the UK measures the difference between the value of exports and imports of goods and services. It is a crucial indicator of economic health, reflecting the country's competitiveness and demand for its products. A trade surplus can strengthen the currency and boost economic growth, while a deficit may indicate economic challenges. In the UK, the balance of trade is closely watched by financial markets as it impacts currency valuation and monetary policy decisions.