Balance of Payments

Read these articles for Friday Feb 26th on Hot Money and the UK's success in Financial Services.

Then bullet point your answers to the questions on the implications of the UK's improvement in Financial Services (slide 7) and the slide 8 points re US v China and finally the pros/cons of LT and ST Capital Flows

http://qz.com/188904/despite-china-exchange-rate-reform-its-hot-money-woes-are-still-scary/

http://www.financialdirector.co.uk/financial-director/news/2345704/london-ranked-best-financial-capital-in-the-world

http://qz.com/188904/despite-china-exchange-rate-reform-its-hot-money-woes-are-still-scary/

http://www.financialdirector.co.uk/financial-director/news/2345704/london-ranked-best-financial-capital-in-the-world

http://www.bbc.co.uk/news/business-13647945

http://www.theguardian.com/business/2014/sep/09/uk-trade-deficit-widens-unexpectedly