In an environment where many major currencies are range-bound, the British Pound has put in a recent streak of weakness.To get more news about WikiFX, you can visit wikifx official website.
　　Brexit remains as a driver but the notable item from this week was talk of potentially negative interest rates in the UK.
　　Next weeks economic calendar is rather light on high-impact data releases, pointing to the possible continuation of risk themes as a primary driver.
　　GBP Bounces After Last Weeks Support Breaks
　　It has so far been a brighter outlay this week for the British Pound as the currency has bounced against both the US Dollar and the Japanese Yen. Last week was marked by weakness in Sterling as sellers pushed each of those pairs down to fresh monthly lows; but at least a portion of that has been offset this week as both GBP/USD and GBP/JPY have thus far put in net gains, even as talk of negative interest rates from the BoE began to circulate through the headlines.
　　This dynamic isnt necessarily discounting the prospect of negative interest rates as much as it may be driven by a related theme in risk markets. As discussed on the topic of Gold and then US equities, an interview from FOMC Chair Jerome Powell that was broadcast on Sunday night has helped to add some heat to the current risk rally, and this looks to have taken a toll on both the US Dollar and Japanese Yen getting hit with another bout of weakness; which has helped to buoy both GBP/USD and GBP/JPY.
　　In Cable, the big question is whether sellers are going to react to that next spot of lower-high resistance, and there‘s a few possible areas where that may develop: From the below chart current support showed up around the 38.2% retracement of the March major move; and the 50% marker from that same study is very nearby, just above the 1.2300 handle. That area helped to provide a couple of spots of support in late-April and then again in early-May. Above that, the 61.8% retracement lines up very closely to the 1.2500 level, producing an element of confluence that may constitute an 'r2 zone of resistance.

Despite only four British independent schools opening in China in 2019, a new report from Beijing-based consultancy Venture Education is predicting that the next few years will be "extremely positive for UK schools and investors" in the country, with the opening of 16 new school campuses planned for 2020 alone.To get more news about China business school, you can visit acem.sjtu.edu.cn official website.
Some 17 British independent schools currently run 36 schools in the country. The oldest, Dulwich College Shanghai Pudong, opened in 2003. Unlike many of the earlier schools, which were geared towards the children of expats, newer ones are aiming to tap into the lucrative Chinese market.
"The amount of expats and foreigners in China is falling and companies are hiring locally so there's just not the demand anymore," Venture Education's Julian Fisher told The PIE News.
There are two types of "international schools" in China, according to Fisher.
He explained that the market for those that can only take on foreign passport holders has been struggling as "a sense in the market that tightening regulations, new laws to comply with and the potential of new laws and regulations around foreign staff, pricing and admissions have slowed growth and presented new challenges".
"China's one-child policy means it's not just the parents but it's also the grandparents that are paying towards education.
"10 years ago, the people applying to these sorts of schools were high net worth individuals and very wealthy, but I think that's shifting, especially in third and fourth-tier cities," he added.By 2022, it is expected that Harrow will have 11 schools in China, Dulwich College will have eight, Wellington College six and Hurtwood House four, with 15 more schools planning to enter the China market for the first time over the next few years.
Surprisingly, however, there are no new schools slated to open in Shanghai and Beijing in the next two years.
Instead, schools are eyeing areas like the Greater Bay Area in south China, whose Guangdong province is expected to have the highest concentration of British independent schools by 2022 with 13.
Lower-tier cities and the country's central areas are also in the spotlight, with Sichuan province getting three new schools this year.
This attempt to break into China's interior has been seen across many industries, as Fisher explains: "it's really just a numbers game in China."
While cities in these regions are considered small by Chinese standards, they can still have a population of millions.We will be opening fine more campuses in September 2020 in Haikou, Shenzhen, Zhuhai, Chongqing and Nanning," said Harrow Beijing director Shelley Zhao.
According to Zhao, Harrow ILA schools plan to create Belt and Road Education Scholarships to allow students in Belt and Road countries to receive education in 
China.
"Through education, we can tell the Chinese story, achieving the Chinese government's vision of ‘facing the whole country and marching towards the other parts of the world'," she added.
Most British independent schools in China teach IGCSEs and A-Levels or the IB, meaning that students will effectively be unable to enter a Chinese university due to not sitting the gaokao and will most likely continue their higher education abroad.
However, the schools still need to incorporate certain elements of the Chinese curriculum - particularly in the fields of politics, history and geography - into their courses.