China’s dollar pragmatism, Brexit negotiations: deal or no deal?
Monday 14 September 2020 – Vol.11 Ed.38.1
Commentary: Dollar dominance difficult to displace
By Kathleen Tyson in London
Speculation about the dollar’s decline is premature. The global financial plumbing will not change quickly or inexpensively.
It took a century of New York banks’ financial activism and extensive global interbank innovation and collaboration to make the dollar a hegemonic currency.
It will only lose its dominant status if Chinese policies make use of the renminbi more practical for foreign banks and investors, while American policies make continued use of the dollar impractical.
Read the full commentary on the website.
Friday 18 September, 11:00-12:00 BST
With the end of the Brexit transition period – scheduled for 31 December – just months away, talks between the UK and European Union are dominating the news cycle. Philip Rycroft, the former permanent secretary at the UK Department for Exiting the European Union, discusses the negotiations, what might be happening behind closed doors, and the future relationship between London and Brussels.
Request to attend the meeting.