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Appetite for offshore renminbi to grow – UK’s Osborne

FXStreet (Mumbai) - Chancellor George Osborne was on the wires today stating that he expects the appetite for offshore renminbi to grow.

Key Quotes

Still enormous appetite for offshore renminbi despite recent volatility.

Stock markets in UK and China should be formally connected so firms can raise money from savers in either country.

Chinese authorities should be supported as they remain committed to market liberalization.

Denmark Consumer Confidence declined to 5 in September from previous 9.2

Denmark Consumer Confidence declined to 5 in September from previous 9.2
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GBP/JPY drops to hourly 200-MA

The cross in the GBP/JPY ran through fresh supply as the European markets opened in the red against expectations of a higher start, which dented market sentiment and boosted the demand for safe-haven such as yen.
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