UK current account released at a deficit of 2 billion pounds

Tuesday, 25 October 2011 02:35

United Kingdom's current account deficit was 2.6 billion Sterling in the Second Quarter of 2011; down from the previous quarter of 4.1 billion pounds. 

Q2 current account estimate was tremendous at a deficit of 9.7 billion british pounds, a much bigger deficit than the actual release.

UK Current Account measures the difference between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.