1) China will allow the Yuan to be exchanged directly for British pounds from today in Shanghai as the world’s second-largest economy promotes the use of its currency in global trade and finance.
2) U.K. government bonds advanced for the first time in five days as minutes of the Bank of England’s June 4-5 meeting showed no policy makers voted to raise the benchmark interest rate from a record low.
3) The rupee fell toward a seven-week low on concern India’s trade balance will deteriorate and inflation will quicken as violence in Iraq boosts oil prices.
Read full report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
2) U.K. government bonds advanced for the first time in five days as minutes of the Bank of England’s June 4-5 meeting showed no policy makers voted to raise the benchmark interest rate from a record low.
3) The rupee fell toward a seven-week low on concern India’s trade balance will deteriorate and inflation will quicken as violence in Iraq boosts oil prices.
Read full report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
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