Pound fears as current account deficit jumps to near 25 year high – Telegraph

A sharp fall in foreign investment income saw Britain’s current account deficit, or the balance between UK imports and exports jump to £57.7bn last year, from £20.3bn in 2011, according to the Office for National Statistics (ONS).

Despite narrowing slightly in the fourth quarter of 2012 to £14bn from £15.1bn in Q3, the deficit now represents 3.7pc of UK gross domestic product, and has not accounted for such a large share of GDP since 1989.

 

Pound fears as current account deficit jumps to near 25 year high – Telegraph.

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