Current Account in United Kingdom

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

United Kingdom - Current Account (billions of British pounds)

The economy appeared to rebound in Q3, following a record collapse in GDP in Q2 due to a pandemic-induced fall in domestic demand. GDP rose strongly in July as Covid-19 restrictions were loosened, while industrial production also grew in the same month. However, the labor market remained weak in July and August. Moreover, PMIs for both services and manufacturing dropped in September, indicating a potential slowdown in private sector momentum towards the end of the quarter. This comes amid the recent snap-back of some restrictions due to a second wave of cases. In other news, Chancellor Rishi Sunak scrapped plans for an autumn budget, instead revealing a job support package to replace the current furlough scheme which ends in October: The government will contribute a maximum of 22% of wages for employees who are working fewer than normal hours, in an attempt to stem further job cuts.

United Kingdom - Current Account (GBP bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (GBP bn)-94.0  -104.0  -72.3  -82.9  -83.8  

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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

Value Change Date
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

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