Rate Brief — Currencies and central banks, read from the decision itself

France and Germany ask Brussels for a fast «systemic reaction» tool against China-driven market distortions

A letter from Macron and Merz proposes an instrument that would restrict single-market access unless a qualified majority objects, and that would cover distortions from subsidies to currency manipulation.

Serguey Asael Shinder06 Oct2 min read

Sterling

The Bank of England borrows to fund its own currency reserves

A market notice on 21 September runs under the framework set a year ago: two benchmark issues a year, professionals only, and reserves that are the Bank's own rather than the Treasury's.

Victoria Shinder22 Sep2 min read