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Boost for Chinese yuan from sterling

By Ricky Bean July 1st, 2016

The Chinese yuan was boosted yesterday, gaining nearly 2% against the sterling – though admittedly on a day in which sterling struggled. China’s steel futures jumped to the highest levels in seven weeks, after the Government announced that it was going to expand the nation’s railways. This, coupled with the increase in the price of oil over the last few days, has seen the yuan return to the best time to sell this year.

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