Bank of England closes in on China currency deal

Sir Mervyn King, Governor of the Bank of England, is on the brink of striking a deal with the People's Bank of China which would cement the UK's role as the leading G7 trade hub for the world's fastest growing currency.

http://www.telegraph.co.uk/finance/currency/9888141/Bank-of-England-closes-in-on-China-currency-deal.html