• News Feeds
Page last updated at 10:08 GMT, Tuesday, 17 January 2012

What the Renminbi means for the UK

Advertisement

The Chancellor George Osborne is in the far east and has been talking about a plan to make London a major international centre for trading China's currency the Renminbi.

Until now there have only been transactions in China and Hong Kong so what could it mean for the UK?

Linda Yueh, Bloomberg's economics correspondent and economics fellow at Oxford University, explains the potential effect of close ties between the UK and China's currency.


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific