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CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1318 WED VS 7.1328

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Truss Spox-Sunak To Confirm If 31 Oct MTFP Goes Ahead; No Handover Today

UK

Spokesman for outgoing PM Liz Truss states that it is for the incoming PM Rishi Sunak to confirm whether the 31 October Medium Term Fiscal Plan is to go ahead as scheduled.

  • Spox states that the handover of power will not be today (Monday 24 Oct), and does not confirm if it will take place tomorrow (Tuesday 25 Oct). If it is pushed back to 26 Oct it could see a final PMQs for Truss (should she want to do this).
  • MoD confirms RIA Novosti story that Chief of the General Staff Admiral Sir Tony Radakin spoke to his Russian counterpart. Statement says that UK 'rejected Russia's allegations that Ukraine is planning actions to escalate the conflict'.
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