Q2 Current Account Gap Narrows to Stg25.2bn.>

UK DATA: Q2 Current Account Gap Narrows to Stg25.2bn from Stg33.1bn 

-UK Q2 Trade Deficit Narrows to Stg11.4bn from Stg22.8bn Q1

-UK Q2 Current Account Deficit 4.6% of GDP from revised 6.0% Q1

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The UK current account narrowed by much less than anticipated in Q2, as 

the trade gap widened in comparison with the previous estimate. However, 

the Q1 current account shortfall was revised higher from the 

originally-reported Stg30.1bn, leaving the deficit as a percentage of 

GDP at its highest level since Q3 2016. The increased trade deficit cut 

its positive contribution to GDP to 2.6pp from the originally reported 

3.5pp.