26.4 C
Kuala Lumpur

UK Foreign Minister will declare China an official threat for the first time – The Times



Liz Truss, the UK Foreign Minister and the leading contender in the Conservative Party’s leadership race, is likely to officially declare China as an ‘acute threat’, The Times reports, citing allies of Truss.

Key takeaways

She will reshape foreign policy if she becomes prime minister

Will reopen the integrated review, published last year, which set out British priorities in diplomacy and defence over the next decade.

China was described as a “systemic competitor” but the review argued that the UK should deepen its trading relationship with Beijing.

China would be elevated to a similar status as Russia, which is defined in the review as an “acute threat”.

Market reaction

Amidst risk-aversion, GBP/USD is extending losses below 1.1700, the lowest level since March 2020. The pound could be hurt further by the above comments.

The spot is losing 0.48% on the day to trade at 1.1688, as of writing.

Langgan Majalah Forex Malaysia

━ more like this

BOJ offers to purchase JGBs on Wednesday

The Bank of Japan (BOJ) announced on Wednesday that it offers to purchase Japanese Government Bonds (JGB) across various maturities.Key detailsBOJ offers to purchase 150bln...

UN accuses richest countries of ‘imprudent gamble’ in inflation fight

The interest rate rises and austerity the world’s richest nations are using to fight sky-high inflation risk a painful global recession that would hurt...

USD/CAD tergelincir di bawah paras 1.3600 di tengah-tengah kenaikan harga minyak, kelemahan USD yang sederhana

Gabungan faktor mengheret USD/CAD ke paras terendah selama seminggu pada hari Selasa.Harga minyak menaik menyokong loonie dan memberikan tekanan di tengah-tengah USD yang lebih...

Analisa Teknikal NzdUsd 03 Oktober 2022

NzdUsd di Timeframe Daiky (D1).Forecast: Harga Secara keseluruhannya masih lagi dalam kedudukan Downtrend. Harga juga ketika ini masih lagi berada dibawah Resistance semasa menandakan...

EUR/USD akan kekal terpaku pada separuh bawah julat 0.95-1.02 September – SocGen

Ekonomi AS menentukan prospek EUR/USD. Oleh itu, EUR/USD tidak mungkin berlumba lebih tinggi kerana ekonomi Amerika terus mengatasi zon euro, Kit Juckes, Ketua Pakar...


Please enter your comment!
Please enter your name here