By Jonathan Davies

The UK's trade deficit fell to £2 billion in October, according to the Office for National Statistics (ONS).

It is down from the £2.8bn deficit seen in Septemeber, with a £9.6 billion deficit on the trade of goods and a surplus of £7.6 billion on services.

Exports were up by £200m to £24.3bn in October whilst imports fell £700m to £34bn. The fall in imports was driven by a decrease in fuel imports, specifically oil from countries outside the EU.

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