UK and US stocks suffered their worst day of the year so far yesterday (5 August) after China devalued its currency, prompting concerns the trade war is spilling over into the currency markets.
The renminbi fell to its weakest level since the 2008 Global Financial Crisis on Monday as the prospect of a trade deal between China and the US faded, which had a knock-on effect on global markets and...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow