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According to Reuters, the weak information has highlighted the tenderness of the economy and meant the pound was reduced to $1.5376, whereas before the announcement it was trading at $1.5407.
The data revealed the expansion of a goods business gap to £8.667 billion in July from £7.532 billion in June.
However, the pound had already come under pressure beforehand, according to the traders, as there was speculation that the outcome of the revelation would be a weak one.
This news comes after sterling managed to bounce back from a six-week low against the dollar yesterday after a 0.64 per cent increase in the morning at $1.5459, the news provider reported.
But, one British bank dealer still pointed out that the outlook for the pound was not that great.
Posted by Greg Secker
