Investing.com - The U.K.’s current account deficit widened unexpectedly in the in the three months to September, official data showed on Tuesday.
In a report, the U.K.’s National Statistics Office said that the U.K. current account recorded a seasonally adjusted deficit of £23.1 billion in the second quarter, widening from a deficit of £20.5 billion in the first quarter, whose figure was revised from a deficit of £18.5 billion.
Economists had expected the current account deficit to narrow to £17 billion this quarter.
GBP/USD was trading at 1.6261 from around 1.6266 ahead of the release of the data, while EUR/GBP was at 0.7795 from 0.7791 earlier.
Meanwhile, European stock markets remained mixed. London’s FTSE 100 shed 0.1%, the DJ Euro Stoxx 50 tacked on 0.25%, France's CAC 40 added 0.4%, while Germany's DAX inched up 0.1%.