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UK November current account deficit smaller than expected, at -17.460 bln pound

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - UK's current account balance for the third quarter of 2015 was released today by the ONS. The deficit widened in the July-September period. The current account deficit for Q3 is came in at -17.460 billion pound, higher than 16.8 billion pounds recorded in the previous quarter. However, it is above the economists’ estimate of -21.500 billion pound.

    The current account deficit in the same quarter last year had widened to 6 per cent of nominal GDP. The deficit recorded in Q3 2014 was the joint largest deficit since Office for National Statistics (ONS) records began in 1955.
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