Sterling Digest, April 13, 2012: the China effect

China and the paradox of prosperity, The Economist

What effect will China have on sterling?

If there were any doubts to China’s ability to move the markets now, there shouldn’t be. China’s soft data release very early in the Friday session has plagued risk currencies like the commodity currencies and the euro. And $GBPUSD and $GBPJPY remain weak as risk aversion flows strengthen the USD and JPY across the board.

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