Forex - Sterling remains low after the trade data UK

Investing.com - The pound remained slightly lower against the dollar on Thursday as concerns about the upcoming EU referendum overshadowed encouraging trade data U.K. ..GBP / USD last down 0.26% to 1.4466 1.4459 before everything.The National Bureau of Statistics reported that the UK trade deficit narrowed more than expected in April, after a record increase in exports of goods.The volume of exported goods increased by 11.2% or £ 2.2 billion from the previous month, taking the total value of exports of goods to £ 26.1 trillion.Imports increased by 2 mm from £ to £ 36.6 billion, according to the ONS.The increase in exports meant that the trade deficit of £ 3.29 million was reduced in April from a downwardly revised £ 3.53 billion in March, the lowest level since September 2015.The data indicated that the recent weakness of trade data may be coming to an end.But confidence in sterling remains fragile ahead of the June 23 referendum Brexit EU.Betfair data Thursday showed a 75.8% implied probability of voting Britain to remain in the EU, compared to 72% earlier this week.While the betting odds have repeatedly pointed out that a vote to stay in the 28-member bloc, opinion polls have offered contradictory outcome of the vote vision.The dollar moved away from a five-week high against a basket of currencies, with the US dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, reaching 93.77.The dollar has weakened as markets pushed back expectations on the timing of the next rate hike from the Federal Reserve after the dismal employment report on Friday May, which showed that the rate of slower job growth since September 2010.A speech by Fed Chairman Janet Yellen said on Monday that interest rates will not rise until the uncertainty about the economic outlook is resolved.Yellen said he expects economic recovery to continue, but gave no indication of the date of an upcoming rate increase.