Stocks Market Update : Brexit weighs on UK’s ‘problematic’ current account deficit(Maybank)

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SINGAPORE (June 27): Britain’s exit from the European Union (EU) while its current account is still large – at 5% of GDP – could mean more risks for the pound, according to Maybank Kim Eng.

“Ultimately, returns on capital in the UK need to be high enough to attract capital attract and fund the current account deficit,” says Maybank analyst Sadiq Currimbhoy in a Friday report.

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