THE pound slipped on Thursday (May 9) after the Bank of England (BOE) held its benchmark interest rates at 5.25 per cent, while hawkish opinions from Bank of Japan (BOJ) members helped slow the yen’s fall.
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China’s capital outflow surges to highest since 2016 in April
CHINA’S capital outflows worsened in April, underscoring headwinds for the yuan amid a weak domestic economy and uncertainties over the Federal Reserve’s rate trajectory....