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Gold imports inflate UK current account deficit to highest since 2016

Britain’s current account deficit with the rest of the world ballooned to its highest since late 2016 in the first three months of this year, though much of the increase was driven by hefty gold imports. Figures from the Office for National Statistics on Friday …Read more


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Gold imports inflate UK current account deficit to highest since 2016

LONDON June 28 Reuters – Britains current account deficit with the rest of the world ballooned to its highest since late 2016 in the first three months of this year though much of the increase was driven by hefty gold imports Figures from the Office
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UK Economy First-quarter Rebound Confirmed by ONS but Current Account Deficit Grows amid Brexit Stockpiling

UK economy roars back in Q1 on services manufacturing boost – But current account highest on record That was mainly due to a widening in the trade deficit But as this was mainly due to a large import of unspecified goods in particular gold
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India posts 20 billion trade deficit in January second highest ever

NEW DELHI Reuters – India posted its second highest in both the current account deficit and inflation But there was little sign of any respite on the external front for Asias third largest economy in December as a surge in imports dwarfed a
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Why do some nations hold more gold

The UK may have faced spiralling inflation in the India has to import most of the gold it consumes around 25bn a year and years of sustained demand has caused the countrys current account deficit to widen and the rupee to weaken producing
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UK current account gap hits highest since 2016 pushed up by gold

LONDON Reuters – Britains current account deficit with the rest of the world ballooned to its highest since late 2016 earlier this year official figures showed on Friday though much of the increase was driven by volatile gold trades At first glance
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What is the balance of payments deficit that Labour keeps talking about

His shadow chancellor John McDonnell told the conference that the UKs balance of payments deficit is at the highest level its been since modern records began and has two components the current account and the capital account
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