U.K. Exports Rising to Record Signal Recovery Progress

U.K. exports rose to a record in the second quarter, adding to signs of a broadening recovery in a week that saw the Bank of England say it plans to keep policy loose to encourage the recovery.

Overseas sales increased increased 4.9 percent to 78.4 billion pounds ($122 billion), the most since the series began in 1998, the Office for National Statistics said today in London. The deficit on goods trade narrowed to 24.9 billion pounds from 26.5 billion pounds.