UK treasury official sees "sound evidence base" for admitting yuan to IMF SDR basket

More kowtowing from the UK for China, this time from financial services director Katherine Braddick

• IMF will still need to examine SDR question in considerably more detail

Nothing new in the comments but a reminder of how desperate China is for the yuan to get the official nod of IMF approval

Says Braddick:

" I personally think there is a sound evidence base but the IMF will clearly need to look at it in considerably more detail.

The yuan is clearly trading, it will be an investment currency, it is here to stay"

SWALK from the UK