China Macroeconomics & Academia

Christopher Balding

Macroeconomics

<p>The Brexit vote has thrown global markets into turmoil.  The GBP/USD peaked at 1.50 before dropping below 1.35 for daily move twice the worst move during the 2008 global financial crisis.  Leaving aside the short term (ir)rationality of such violent swings of the GBP due to a political event with no near or middle term shift in economic and financial policy, the overall impact will be important in determining the direction of the RMB and how the PBOC moves forward.</p><p>Last week we wrote that the we…</p>

The Brexit vote has thrown global markets into turmoil.  The GBP/USD peaked at 1.50 before dropping below 1.35 for daily move twice the worst move during the 2008 global financial crisis.  Leaving aside the short term (ir)rationality of such violent swings of the GBP due to a political event with no near or middle term shift in economic and financial policy, the overall impact will be important in determining the direction of the RMB and how the PBOC moves forward.Last week we wrote that the we…

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Shanghai Stock Exchange Composite Index (SHCOMP INDEX)

The RMB After Brexit: What Can We Expect Today