UK: Larger than expected current account gap in Q3 - BBH

Analysts at BBH note that the UK current account gap was larger than expected in Q3 as the deficit of -GBP22. 8 bln compares to the -GBP21.4 bln consensus. 

Key Quotes

“In addition, the Q2 deficit was revised upward to -GBP25.8 bln from -GBP23.2 bln previously.  Sterling has remained remarkably steady in recent days, but remains vulnerable to weak economic data and periodic flare-ups in Brexit concerns.”