Daily Briefing: - Britain's food industry urges legal change to coordinate no-deal Brexit response - German industrial output falls more than expected in June, propelling recession fears - Street protests expected in Poland
Now the archbishop of Krakow, Marek Jedraszewski, has weighed in, attacking what he calls a “rainbow plague” over-running the country. The use of the disease metaphor is not random and in Poland also harks back to the “red plague” term used by World War Two resistance fighters against Communism. Street protests are expected today.
indicating they were still open to hosting trade talks with the Chinese government next month and were not preparing for prolonged tariff war. Despite the state bank activity and protestations from the People’s Bank of China that it was not weaponising the currency for trade purposes, the yuan weakened again on Wednesday. The PBOC set its midpoint target rate at a new 11-year low, just a sliver below the 7/$ level. The offshore yuan weakened to 7.076, albeit still off Tuesday’s record weak level near 7.14.
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