The British Pound to Chinese Yuan exchange rate is influenced by Bank of England and People’s Bank of China policy, together with changes in the interest-rate gap between the two currencies. UK interest-rate expectations, UK inflation and wage and employment data can affect the British Pound, while Chinese monetary policy, growth and credit data and the daily reference rate can move the Chinese Yuan.
GBP/CNY has gained 0.44% in the latest session to 8.9185. The pair has gained 0.71% over the past week but has edged 0.65% lower over the past month.
GDP MoM came in at 0.1%, above expectations of -0.1% and exports YoY came in at 36.3%, above expectations of 25.5%.
Next up are UK employment change on Tuesday at 07:00 UK time and UK unemployment rate on Tuesday at 07:00 UK time, which could set the direction for GBP/CNY when markets reopen.
Mid-market reference rate. Customer rates normally include provider margins and fees.
