Wall Street

UK posts record current account gap, urges caution on data

Published by
Reuters UK

(This story corrects after ONS corrected its historical record for the deficit excluding precious metals as a share of GDP) LONDON (Reuters) – Britain racked up a record shortfall in its current account in the first three months of this year, as the deficit ballooned to 51.7 billion pounds ($62.8 billion) or 8.3% of gross domestic product, official data showed on Thursday. The Office for National Statistics said the figures were subject to more uncertainty than usual due to the impact of post-Brexit changes in how data is collected for goods imports and foreign direct investment, which are bei…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street