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China State Council approves Shenzhen-HK stock connect

Latest headlines crossing the wires, via Reuters, note that China’s State Council approves Shenzhen-HK stock connect.

Last Friday, the China Securities Regulatory Commission (CSRC) said it was actively preparing for the Shenzhen-Hong Kong stock connect and would launch the scheme sometime this year.

The Shenzhen-Hong Kong Stock Connect is a cross-border investment programme modelled after the Shanghai-Hong Kong Stock Connect, which was launched in Nov. 2014, and allows mainland investors to buy Hong Kong stocks, and vice versa.

GBP/USD clinches 1.2960 on CPI

The Sterling is now following the rest of the risk-associated assets on their way up on Tuesday, sending GBP/USD to test session highs near 1.2970. G
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EUR/GBP eases from multi-month high after UK CPI

After hitting a fresh post-Brexit high, the EUR/GBP cross erases all of its daily gains and turned back below 0.8700 handle following the release of U
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