Current Account in United Kingdom

United Kingdom Current Account (GBP bn) | Economic News & Forecasts

United Kingdom - Current Account (billions of British pounds)

The economy mildly expanded in the third quarter according to recent data, underpinned by private consumption. However, a slump in fixed investment and an inventory drawdown—following a surge in stocks in the run-up to the initial Brexit deadline of end-March—weighed on the economy, and a recovery in imports reduced the external sector’s contribution to growth. Momentum appears subdued heading into the fourth quarter; although both the services and manufacturing PMIs ticked up in October, they remained muted amid lower new orders and employment. On the political front, the country is gearing up for general elections on 12 December. The Conservative Party is the clear favorite, and a majority Conservative government would likely lead to a swift exit from the EU. Minority Conservative or Labour governments are also possibilities, which would likely prolong economic uncertainty in the near term.

United Kingdom - Current Account (GBP bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (GBP bn)-90.7  -90.9  -93.2  -102.8  -68.4  

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United Kingdom Current Account (GBP bn) Chart

United Kingdom Current Account
Note: Current account balance as % of GDP.
Source: Office for National Statistics (ONS).

United Kingdom Facts

Bond Yield0.76-3.04 %Nov 21
Exchange Rate1.29-0.35 %Nov 21
Stock Market7,239-0.26 %Nov 21

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