In These New Times

A new paradigm for a post-imperial world

Deutsche Bank sees end to pound’s reserve status

Posted by seumasach on January 28, 2017

Mr Winkler has cited data from the IMF which shows that the sterling share of global reserves has fallen slightly in the two quarters to September.

He also says the Chinese central bank is moving out of sterling more rapidly than it moves out of other currencies, as it sells down its massive hoard of reserves in order to stop the value of the renminbi from falling too fast.

27th January

Read Independent article:  Is the pound in danger of losing its reserve currency status because of Brexit?

 

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