China aims at a more flexible monetary policy in 2016

China's annual Central Economic Work Conference yesterday stressed on the need for China's prudent monetary policy to be more flexible. Investors hold a lot of interest for this conference as it enables them to gauge the government’s economic targets for the next fiscal.
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GBP/USD hovers around 1.49 after UK data

The GBP/USD is struggling to extend gains over and above 1.49 after the data in the UK showed the public sector net borrowing spiked in October.
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