The London stock market rose strongly, driven by mining and oil stocks which clawed back much of yesterday’s heavy losses.
Britain’s trade deficit fell to a 17-month low in November - helped by cheaper oil - while the manufacturing sector grew at its strongest pace in seven months, official figures showed today. The shortfall between exports and imports narrowed to £1.4 billion from £2.2 billion the previous month, the smallest since June 2013. Manufacturing grew by 0.7%, reversing a contraction of the same size the previous month. It equalled the pace of growth in April and has not been better since last February.