Joint press conference going on as UK fin min opens up his tour to China

  • UK welcomes China's commitment to ease
  • PBOC will issue RMB denominated central bank note in London in near future
  • China/UK agree to promote strong balanced sustainable growth of both countries and global economy

No challenge there then!

  • UK/China agree to take appropriate policy measures in line with economic ,financial situation at home and abroad
  • Will carry out joint feasibility study on London-Shanghai stock connect

No impact on GBP right now. Posting for info

China's vice premier says UK supports in the inclusion of renminbi in the IMF's SDR basket