UK Moving To The Next Reserve Currency – The Chinese Yuan

British Chancellor of the Exchequer George Osborne announced Friday (Sept.12) that the British government intend to issue a Renminbi denominated bond and to use the proceeds to finance the government's reserves of foreign currency.

"I can now announce that the UK government intend to be the first national government outside of China to issue a bond in China's currency. We issued bonds in U.S. dollar before, now we will be issuing a bond in RMB," said Osborne in the press release of the Sixth China-UK Economic and Financial Dialogue (EFD).

Chinese Vice Premier Ma Kai and Osborne concluded the meeting of the Sixth China-UK Economic and Financial Dialogue in London.

Osborne described this dialogue outcome as "a historic moment" and a statement of British confidence in the potential of the RMB to become "the main global reserves currency".

"And let me be clear, as China becomes a bigger and bigger part of the world economy, their currency is going to be used around the world. We here in Britain understand that, and we want us to be the first country in the west to seize the opportunities that it will bring," declared Osborne. http://news.xinhuanet.com/english/business/2014-09/13/c_126981640.htm

Shown here is the chart for the lunar eclipse of April 15 at London. Generally, eclipse lunar cycles mark a time of shifting into a new octave of experience. They offer a time to resynchronize our selves with the ever-changing cosmic currents supporting our evolutionary progression in consciousness. Eclipses tend to bring about endings and new beginnings. The Sun-Juno conjunction brings attention to partnership of all types, those personal and those of business and politics, and those between countries. With the Sun and Juno in the 11^th these relationships are those  that would contribute to long term national programs and schemes for improvement.

The Grand Square  has Jupiter (2^nd house)  opposite Pluto (8^th house). The second house rules a nation’s assets while the eighth rules the national debt and financial relations with foreign countries. This Grand Square creates a turning in and engagement of the 2012-2015 Uranus-Pluto Square and its theme that is well described by Ebertin’s phrase “collapse of an old order and the beginning of a new one”.

Progressing the eclipse chart to September 13, brings the Grand Square to the angles triggering the changes mentioned in the news.