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UK Current Account deficit unchanged in Q3

The United Kingdom’s (UK) current account deficit was £17.5 billion in Quarter 3 (July to September) 2015, unchanged from a revised deficit of £17.5 billion in Quarter 2 (April to June) 2015. Deficit was expected to increase by £21.6 billion.The deficit in Quarter 3 (July to September) 2015 equated to 3.7% of gross domestic product (GDP) at current market prices, down from 3.8% in Quarter 2 (April to June) 2015. While the total current account balance remained unchanged in Quarter 3 (July to September) 2015 there are equal and offsetting movements in the components. 
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Aussie lower due to fall in commodity prices

Aussie fell this morning due to continued falls in commodities. What holds it higher is better than expected labor market data released on Thursday showing Australia's unemployment at its lowest level since April 2014 spiked the Aussie to trade above 73 U.S cents on consensus the Reserve Bank of Australia is unlikely to ease monetary policy.  Read more...

Australian GDP grew by 0.9% in Q3

 Official figures show Australia's economy grew by 0.9% in the September quarter, and by 2.5% in the 12 months to September - a better-than-expected result. Analysts were forecasting 0.9% growth.  Read more...

UK GDP rose in line with market expectations

UK GDP in volume terms increased by 0.5% in Quarter 3 (Jul to Sep) 2015 and by 2.3% when compared to the corresponding quarter of the previous year. This was in line with market expectations. Between 2013 and 2014 GDP increased by 2.9%; this was the highest annual rate of growth since 2005, when there was an increase of 3.0%.

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