Weekly Market Update 17th August 2015

CHINA DEVALUATION CARRIES POLITICAL WEIGHT

This week the main economic news has been dominated by China devaluing its currency. The move itself is of dubious economic value as the devaluation is too small to really boost China’s export engine. The currency had appreciated in excess of 25 per cent over the last three years, so two per cent off the top now will likely have little impact. Read More….