On an otherwise quiet day there was some volatility in the Yuan on reports that China is happy with a weakening currency. Phil Dobbie asks NAB’s Ray Attrill what to believe – isn’t this contrary to yesterday’s news that they wanted to keep it stable? There’s also discussion on the UK’s strong services data overnight and the looming Brexit showdown tomorrow. Plus, is the ECB trying to reposition expectations for the timing of the next rate hike?
On an otherwise quiet day there was some volatility in the Yuan on reports that China is happy with a weakening currency. Phil Dobbie asks NAB’s Ray Attrill what to believe – isn’t this contrary to yesterday’s news that they wanted to keep it stable? There’s also discussion on the UK’s strong services data overnight and the looming Brexit showdown tomorrow. Plus, is the ECB trying to reposition expectations for the timing of the next rate hike?