A Favorable Agreement Will Be Reached At The EU Summit.

A possible EU reform agreement will be reached at the summit to be held later this week to provide Britain with more favourable conditions for staying in the EU.

It rose to 1.4393, up from 1.4235 on Wednesday, the lowest since February 1st.

Sterling rose 0.5% against the euro, at 0.7740.

British Prime Minister Cameron said Thursday that multi lateral efforts and good intentions should help him reach an agreement at the EU summit. Leaders of the 28 member states of the European Union see the summit as an enabling measure.

The best chance to stay in the EU.

John Hardy, director of monetary strategy at Saxo Bank, Denmark, said Juncker's comments were the main driver of Thursday's rise in sterling.

Whereas

The current account deficit is huge, and the interest rate is higher than that of other developed economies. The trend of the pound is usually synchronized with the riskier assets, and the follow-up market deserves continuous attention.

Earlier on Thursday, EU executive chairman Juncker said he was "very confident" that EU leaders could reach agreement with the UK on its future membership.

Related links:

According to the data released by the General Administration of customs, China exported 1 trillion and 140 billion yuan and imported 737 billion 540 million yuan in January, down 6.6% and 14.4% respectively from the same period last year.

The trade surplus reached 406 billion 200 million yuan in the month and expanded by 12.2%.

In response, Xu Gao, chief economist of Everbright Securities, told reporters in the Securities Daily that with the increase in the Federal Reserve's expectation of lowering interest rates, the pressure on RMB devaluation and the stability of exchange rate in the decision-making level, the pressure of capital outflow will be reduced.

Hao Daming, an analyst with Huarong securities, said that import and export decreased in January, both of which were lower than expected. There may be disturbances in the data of Spring Festival.

The actual situation needs to be judged by the data in January and February. It is predicted that the export growth rate in February will be higher than that in January.

Policy orientation still needs steady growth, especially investment and consumption.

Zhang Gang, an analyst at Zhongyuan securities, said that in January, foreign trade data showed that the current macroeconomic situation in China still showed a low level of operation. Investors would still expect regulators to introduce corresponding policies in the future to boost the economy.

"The poor export figures in January were mainly due to the sluggish export of labour intensive industries.

Import and export data will also have a certain impact on the stock prices of listed companies such as Electromechanical, textile and other labor-intensive industries.

Xiao Benhua, executive director of the Pudong Research Institute of Shanghai Finance University, said in an interview with the Securities Daily reporters.