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Q4 Current Account Deficit Narrows; Blows...>

UK DATA
UK DATA: Q4 Current Account Deficit Narrows; Blows Analyst Expectations 
--Q4 Current Account Deficit Stg18.443bn Vs Revised Stg19.173bn Q3
--Q4 Primary Income -Stg6.565bn vs revised -stg8.350bn in Q3 2017
--Q4 Secondary Income -Stg4.239bn vs revised -stg5.635bn in Q3 2017
--Q4 Trade Income -Stg7.639bn vs -stg5.188bn in Q3 2017
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The UK current account deficit narrowed to stg18.443bn, down from a 
markedly lower Q3 estimate of stg19.172. At 3.6%, the Q4 deficit as a 
percentage of GDP was the lowest since Q2 2012. The narrowing in Q4 was 
attributed to narrowings of the primary (higher overseas investment 
earnings) and secondary income balance (lower govt payments), offset by 
a further deterioration in the trade position. The Q3 deficit was 
previously reported at stg22.8bn (4.5% of GDP) and an ONS statistician 
said the upward revision was on account of a better primary income 
figures, specifically higher FDI credits and lower debits.    

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