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UK current account deficit widens in Q1

Last Updated : 30 June 2020, 06:26 IST
Last Updated : 30 June 2020, 06:26 IST

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Britain's current account deficit widened by more than expected in the first three months of 2020, official data showed on Tuesday.

The Office for National Statistics said the balance of payments deficit - a long-standing concern for investors because it leaves Britain reliant on foreign inflows of cash - grew to 21.1 billion pounds ($25.9 billion) in the first quarter, compared with a median forecast of 15.4 billion pounds in a Reuters poll of economists. ($1 = 0.8147 pounds)

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Published 30 June 2020, 06:21 IST

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