UK: Q4 final GDP meets estimates, Current account deficit unexpectedly shrinks

The UK GDP third estimate showed that the GDP figures came in at 0.4% q/q in the fourth quarter of 2017, same as that seen in the previous readout while coming in line with expectations.

While on an annualized basis, the UK economy’s growth rate arrived at 1.4% in Q4, meeting the consensus forecasts of 1.4% and 1.4% flash reading.

Separately, the UK Q4 current deficit unexpectedly narrowed by GBP -18.44 billion versus a decrease of GBP -24.00 billion expected and GBP -19.17 billion (revised up from GBP 22.78 billion) last.