UK and China working group will work towards an MOU between the PBoC and BoE
The collaboration between the People's Bank of China (PBoC) and the Bank of England (BoE) signals a potential step towards enhanced monetary policy coordination, which could improve market sentiment towards both the CNY and GBP.
EUROPEAN OPEN: AMZN slides amid miss and capex concerns; GLE FP launches buyback after profit beat; ORSTED DC miss, weak guide, impairments; STLAM IM to take charge, suspends dividend; US launches TrumpRx medicine platform
European Movers: Vinci (DG FP) +5.5%, Orsted (ORSTED DC) +2.3%, Societe Generale (GLE FP) -2.0%, Sabadell (SAB SM) -6.2%, Coloplast (COLOB DC) -6.8%, Stellantis (STLAM IM/STLAP FP) -14.4%
UK and China working group will work towards an MOU between the PBoC and BoE
Swiss Unemployment Rate (Jan) 3.2% (Prev. 3.1%, Low. 3.0%, High. 3.1%)
Spanish Industrial Production YoY (Dec) Y/Y -0.3% (Prev. 4.6%, Rev. From 4.5%)
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Consider how this may affect risk sentiment in fixed income markets, alongside any implications for broader cross-border investments and economic relations between the UK and China.
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