Reuters just out with the headline
Words of caution from Jack Lew as the Fed deliberations continue
- other countries should use more economic tools
- China's challenge is implementing market reforms
- China has to manage "soft landing" in economic growth
- Chinese slowdown "should not be a surprise"
- China must take on responsibilities as a global leader
No hiding where he's aiming his concerns then
Meanwhile the euro is tumbling still with EURUSD testing 1.0700 and EURGBP tumbling to 0.7071 having given up strong support between 0.7085-0.7100 we've highlighted here and here
Cable has therefore run higher again to 1.5145 but offers into 1.5150 prevailing for the moment and we're now back to 1.5122 in a rush
Some decent rapid action at last. Hurrah!
Lew- pointing to some headwinds
