China has devalued the Yuan again today by 1.6%, following the 2% devaluation announced on Tuesday 11th August. The Yuan is fixed at 6.033 to the US Dollar. China is worried that there will be public unrest soon, as the world is not buying Chinese products and factories will need to close resulting in higher unemployment.
Germany will suffer as a large percentage of their exports go to China.
UK Shares of interest
Betfair 2795p
Greggs 1243p
JD Sports 867p
Redrow 484p
Germany will suffer as a large percentage of their exports go to China.
UK Shares of interest
Betfair 2795p
Greggs 1243p
JD Sports 867p
Redrow 484p
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