UK DATA: Q4 Current Account Deficit Stg8.451bn Vs Stg10.515bn Q3
–In line with median forecast
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The UK’s current account deficit narrowed in Q4 following a sharp
downward revision to the shortfall in the previous quarter, figures from
National Statistics revealed Wednesday. The current account deficit
narrowed to Stg8.451 billion in Q4 from Stg10.515 billion in Q3, in line
with the median forecast. Revisions to UK investment abroad data meant
that the Q3 shortfall was revised lower from an initially estimated
Stg15.226 billion figure.