Explanations beyond exchange rates

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Dataset information

Catalog

data.gov.uk

Country of origin

United Kingdom

Updated

Created

Available languages

English

Keywords

Datasource

Official portal for European data link

Quality scoring

110

Dataset description

Economic theory suggests that a country's trade balance should increase following a depreciation of its currency, due to the effect on the relative price of its exports and imports. This article examines the reaction of the UK trade balance since the substantial depreciation of sterling between Q3 2007 and Q1 2009, and explores the reasons why trends in UK trade may not have developed as would be expected given the sustained depreciation of sterling. Source agency: Office for National Statistics Designation: Supporting material Language: English Alternative title: Explanations beyond exchange rates

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