UK Current Account

23 December 2022 Pound Sterling's Mini Budget Debacle: What the Capital Flows Data Says

The Pound was carrying losses against many currencies for the week on Friday with some having followed the release of Office for National Statistics (ONS) figures revealing what appeared to be a cris…

30 September 2021 Export Boost Leaves UK Current Account Deficit Far Smaller than Expected

The UK currenct account deficit stood at £8.6BN in the second quarter of 2021, far smaller than the -£15.6BN the consensus was looking for and smaller than the -£12.8BN recorded in the first quarte…

30 June 2021 UK's Current Account Deficit Tipped to Widen Substantially Over Coming Months

The UK's current account deficit shrank in the first quarter of 2021, a development that is fundamentally supportive of Sterling exchange rates on a long-term basis.

31 March 2021 Sterling's Achilles Heal: UK's Current Account Balloons in Q4 2020

The UK's current account deficit widened substantially in the final quarter of 2020 as the demand for goods imports increased and earnings on investments abroad were hit by the covid-19 crisis, con…

30 September 2020 GDP Upgrade No Consolation for Bruised UK Economy as Restrictions Threaten Bleak Winter

The UK economy contracted by less than was expected in the second-quarter, the Office for National Statistics (ONS) revealed on Wednesday but with the government withdrawing financial support while…

30 June 2020 UK Economy's Road to Recovery Grows Longer after GDP Downgrade

Britain's road to recovery may have grown longer on Tuesday and the bill for the damage done by the coronavirus larger after the Office for National Statistics (ONS) revised its estimate of fi…

21 December 2018 UK Public Finances and Investment Returns Improve but Economy Still Headed for Softer Year

The public finances improved notably in November but the economy is still on course to slow again for the 2018 year, according to economists.

21 December 2018 British Pound Today: Big pre-Christmas Data Releases, Sterling Up on Euro but Down on Dollar

Pound Sterling trades with a soft tone ahead of the weekend and the Christmas break amidst ongoing uncertainty as to how the Brexit impasse in the UK parliament will play out. Today trader focus wi…

28 September 2018 British Pound Steadies despite Current Account Deficit Miss and GDP Disappointment

The Pound steadied into the final session of the week despite a larger-than-expected widening of the currenct account deficit during the second-quarter, a fall in business investment and downward r…

29 June 2018 UK Current Account Deficit Stats Confirm UK's Exports of Goods at Record High

Bumper exports have helped shrinked the UK's current account deficit in the first quarter of 2018 the ONS reports.

29 September 2017 British Pound Tumbles on Data Dump, BoE's Broadbent Ahead

The ONS has released a tranche of economic statistics on Friday, September 29 including GDP, Business Investment and the Current Account.

30 June 2017 UK Current Account Deficit Widens Again as Addiction to Imports Persists

When it comes to the Pound - keep the current account in mind - it is arguably the single most important economic concept when it comes to determining currency value.

31 March 2017 UK Current Account Deficit Falls to Lowest Level in Years as UK Exports Rise

The UK's current account deficit - the millstone that hangs around the Pound’s neck - fell sharply in the final quarter of 2016 it has been revealed.

11 January 2017 UK Exporters Getting Fat Off the Weaker Pound and Failing to Grow International Market Share

An expected structural rotation of the UK economy away from an unhealthy addiction on imports to one that is able to export more, is not happening.

30 September 2016 Pound Sterling Ends September Firmer on Positive Current Account, Services, Business Investment Data and GDP Revision

A busy end to the month for Pound Sterling with markets likely to focus on the outcome of a raft of official statistics that will give a gauge of post-referendum economic performance.

09 August 2016 UK Trade Deficit Grows as Imports Rocket, But Balance Could be Restored by Weaker Pound Sterling

The UK’s trade deficit with the rest may start closing as the decline in the UK’s Pound makes UK produce cheaper on the international market.

03 August 2016 UK Exports to Enjoy Brexit Boost as a Severely Overvalued British Pound Starts to Correct Lower

The CBI has reported that Britain’s SMEs are expecting to boost exports over coming quarters as the UK becomes more competitive thanks to a devaluation in the overvalued Pound Sterling.

29 June 2016 Colossal Current Account Deficit Promises a Notably Weaker British Pound

The pound to euro exchange rate’s trajectory will ultimately rest with whether or not the UK can continue convincing investors to keep plugging the hole in the UK’s bank account with the world.

09 June 2016 Exports up, Trade Deficit Down thanks to the Pound

A larger than expected jump in exports sees the UK’s trade deficit for March narrow.

10 May 2016 UK Trade Data Confirms Pound Sterling’s Biggest Liability is Thriving

Latest trade numbers confirm the UK’s Current Account Deficit is likely to remain as wide as ever confirming the pound’s ultimate liability won’t disappear anytime soon.