UK Current Account for the First Quarter
Office for National Statistics announced the UK Current Account for the First Quarter on 2025-06-27. The reported figure stands at -234.56One billion pounds, against a forecast of -197.5One billion pounds, with the prior figure recorded as -210One billion pounds.
Regarding the UK Current Account for the First Quarter, Actual value > Forecast value = Positive for the British Pound, The UK’s balance of payments current account refers to the flow of funds arising from the import and export of goods and services, as well as investments between the UK and foreign countries. The current account primarily includes the trade balance of goods, which involves the import and export of tangible goods, and the trade balance of services, which encompasses various services such as tourism, banking, and insurance. The current account does not include long-term borrowing and investment flows, which are accounted for in the capital account. A current account surplus indicates that the inflow of funds into the UK exceeds the outflow, while a current account deficit indicates that the outflow of funds exceeds the inflow. If the data is better than expected, it is favorable for the pound; conversely, if the data is worse than expected, it may be unfavorable for the pound.
This data holds an importance level of , calculated using Statistics on changes in goods, services, investments, other products, and unilateral transfers, and updates monthly. The next release is set for 2025-12-22 15:00:00.
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