UK and China working group will work towards an MOU between the PBoC and BoE
Newsquawk Staff ·
UK and China working group will work towards an MOU between the PBoC and BoE.
What it means
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. 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.
- [MARKET ANALYSIS] UK Budget, 2026: No fireworks from Chancellor Healey, major reform kicked to 2027+, DMO skewed away from the long-end once again
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed
- BoE is to kick off short and precautionary tightening cycle in November, according to a forecast from FT's Monetary Policy Radar team
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause
Related headlines
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued 5 hours ago
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC5 hours ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- Ukrainian President Zelensky says Ukraine will not attack Russian ships carrying diesel for the US8 hours ago
- RBNZ Governor Breman says highly likely we'll see OCR increases at coming meetings, also notes good conditions for inflation slowing in 202711 hours ago
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.1 hour ago
- Atlanta Fed GDPNow (Q3) 3.3% (prev. 3.4%)32 min ago
- Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results2 hours ago
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats2 hours ago
- Notable FX Option Expiries for today's NY cut: 28th October 20266 hours ago
- US President Trump says there will be a meeting with Russian President Putin and Ukrainian President Zelensky set up soon, while Trump says there will be a meeting on disarmament during Asia trip10 hours ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings1 hour ago
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th2 hours ago
- EUROPEAN OPEN: SKHY surges after Q3 profits; EQNR NO lifts FY production view; UBSG SW Q3 net income miss; DBK GY posts third straight record profit; MBG GY Q3 revenue & earnings fall; ULVR LN raises FY volume growth view; GSK LN Q3 profit & revenue beat7 hours ago
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market29 min ago