UK trade gap narrows as US exports recover

The UK's trade deficit narrowed 24% in February as imports from the US fell to their lowest level since July 1995, figures from the Office of National Statistics (ONS) showed today.

The ONS said the improved trade position with the US helped the UK February global trade in goods deficit narrow to a seasonally adjusted £4.2bn (€6.3bn), from a revised £5.5bn (€8.3bn) the previous month.