MNI China Daily Summary: Friday, September 6

MNI BRIEF: China To Address Consumption In Next Five-year Plan

MNI: PBOC Net Injects CNY111.4 Bln via OMO Friday

CHINA PBOC CONDUCTS CNY141.5 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.0925 Fri; +2.94% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.0925 FRI VS 7.0989

MNI: EUROZONE Q2 GDP +0.2% Q/Q, +0.6% Y/Y

MNI: FRANCE JUL INDUSTRIAL PRODUCTION -0.5% M/M, -2.2% Y/Y

MNI: GERMANY JUL EXPORTS +1.7% M/M; IMPORTS +5.4% M/M

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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Gbp/Usd: Dec14 close $1.3429,......>

STERLING SUMMARY
STERLING SUMMARY: Gbp/Usd: Dec14 close $1.3429, Dec15 Asia range $1.3423-48,
Europe $1.3417-46
*Eur-Gbp: Dec14 close Gbp0.8775, Dec15 Asia range Gbp0.8761-76, Europe
Gbp0.8764-88
*Cable opened in Asia toward the middle of yesterday's $1.3394-$1.3467 range,
the rate initially pressured lower following the BoE rate decision, bounced back
on Eur/Gbp supply following ECB Draghi's dovish press conference
*The Times reported that PM May is expected to back down on the Brexit date plan
*Despite this it was a low-key affair in Asia, with no significant news or data,
the pound oscillated between $1.3423-46, with little in the way of flow 
*Topside gains were capped ahead of $1.3450 ($1.3448 - Asia low) in early
Europe, volumes remained light held to a narrow 15 pip range
*With moves driven by Eur/Gbp, short covering through the Asia high to Gbp0.8788
pressured cable to $1.3417
*Recovery efforts have so far remained shallow as markets look to BOE Chief
Economist Andy Haldane who will deliver a speech at 1315GMT.
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