Sat. Nov 28th, 2020

Trade wars: China slashes tariffs on 850 products – business live

Rolling coverage of the latest economic and financial news, as China gives the world economy a festive gift

10.08am GMT

There’s not much drama in the foreign exchange market.

Sterling inched up to $1.303, up 0.2%, having fallen steadily last week as Brexit fears reappeared.

We’ve made it past the shortest day, but markets are still struggling to wake up and the morning’s FX range could be covered by a handkerchief. Sterling’s bounced a bit, the won is weaker, the market’s got mince pies on the mind.

9.50am GMT

Here’s Agathe Demarais, Global Forecasting Director at The Economist Intelligence Unit, on China’s tariff cuts:

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