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Trade Will Have Likely Added 0.1pp to Q1 Q4.>

UK DATA
UK DATA: Trade Will Have Likely Added 0.1pp to Q1 GDP After Q4 Drag 
-UK Mar Total Trade Deficit Stg3.091bn Vs Stg1.176bn in February                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
-UK Mar Global Goods Trade Deficit Stg12.287bn Vs Stg10.414bn in Feb
-UK Q1 Trade Deficit Stg6.9bn vs Stg7.6bn in Q4 2017
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Net trade will have likely have had a positive influence on first 
quarter GDP, that despite the deficit widening by more than expected in 
March. The trade gap swelled to stg3.1bn, more than the stg2.0bn 
expected by markets, but should have contributed 0.1pp to Q1 growth 
after exterting a drag in Q4 2017. The stg0.7bn narrowing in the total 
deficit on the quarter was duelargely to reduced imports of ships, 
aircrafts and clothing from outside the EU.               

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