China slowdown to negatively impact our Autumn Forecast - EU Dombrovskis

FXStreet (Mumbai) - In an interview with the German daily Handelsblatt on Wednesday, European Commission Vice President Valdis Dombrovskis noted that the economic slowdown in China is expected to pose downside risks to the Union’s H2 2015 economic forecasts.

Key Quotes:

"The external growth risks have increased."

"The economic slowdown in China, the problems with Ukraine and Russia and the instability in the Middle East are risk factors. We will consider these in our Autumn Forecast which comes out in November."

GBP/USD: Bear grip loosens, spikes to 1.5213 and falls

The bears finally appear to have loosened their grip on Sterling, allowing for a technical correction in the GBP/USD pair. The spot now trades around 1.52 levels.
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