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Why has the exchange rate of pound against RMB been rising? Will it continue to rise?
The Bank of China is using the foreign exchange on its balance sheet for open market operations.

There are two reasons:

Anti-Arbitrator-Many foreign mutual funds believe that the RMB will continue to appreciate.

In the first quarter, China's gdp economic performance was not satisfactory. Lowering the exchange rate can promote exports.

No one knows whether it will continue to rise. If anyone can predict the market, he is a billionaire.