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Lunch Wrap

On FT Alphaville this morning,

- The yuan must be devalued

- … but the pound should not be: rebutting Jim Rogers

- UK GDP suprises to the downside

- John Thain: commode on legs

- Dr Doom in the UK – “banks are insolvent… but it’s not Iceland”

On FT.com this morning,

- Pfizer in talks for $60bn acquisition of Wyeth

- Quarter of final salary pensions face axe

- A-B InBev sells Tsingtao stake to Asahi

- Sterling continues to tumble: EURGBP= 0.9442, $GBP= 1.3551

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