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The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Thursday. The U.K. trade deficit in goods widened to £11.83 billion in October from £8.80 billion in September.
Exports of goods dropped 2.7% in October, while imports climbed 8.2%.
A strong pound and the weak global economy weigh on exports.
The total trade deficit, including services, widened to £4.14 billion in October from £1.07 billion in September. September's figure was revised up from a deficit of £1.35 billion.
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