U.K. current account deficit widens sharply

NEW YORK (Forex News Now) – Britain’s current account deficit widened sharply in the first quarter of this year, official data showed on Monday, in one of the day’s spotlight FX news events.

According to the U.K. statistics agency, the deficit climbed to GBP 9.6 billion during the January-March period, from an upwardly revised surplus of GBP 500 million in the previous quarter.

Global forex analysts had expected the current account surplus to widen only to GBP -4.5 billion.

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