Rolling coverage of the latest economic and financial news, as China gives the world economy a festive gift
- Latest: EIU expects more trade tensions in 2020
- Introduction: Beijing cuts tariffs on hundreds of products
- Pork, avocado, and semiconductors all on list
- China wants to boost imports amid slowing economy
- Trump: We’ll sign trade deal very soon
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.
Here’s Agathe Demarais, Global Forecasting Director at The Economist Intelligence Unit, on China’s tariff cuts: