Ballooning Trade Gap Hurts Sterling

Summary


THE pound was knocked lower on foreign exchange markets today as the extent of Britain's yawning current account deficit was revealed.

The deficit - which includes trade on goods, services and investments - totalled Pounds 10.967 billion in the fourth quarter of last year.

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Extract


Ballooning Trade Gap Hurts Sterling

That left the trade gap worth 3.6% of Brita...

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