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

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.

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.

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