MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI BRIEF: NZ CPI Prints Lower Than Expected At 3.3% Y/y

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1318 WED VS 7.1328

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Swift categories boost services CPI by 0.19ppt; headline by 0.09ppt (CORRECT)

Swift categories boost services CPI by 0.19ppt; headline by 0.09ppt (CORRECT)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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GBP/USD has traded on a firmer footing,.......>

CABLE
CABLE: GBP/USD has traded on a firmer footing, resisting initial risk-off flows.
A recovery in risk appetite gave cable a fresh impetus and the rate sits at
$1.2371, 35 pips higher on the day. Locally, eyes have been on the Mail on
Sunday's interview with UK PM Johnson, who pushed back against austerity.
- The PM pledged a boost to spending on hospitals, schools and roads to help the
post-coronavirus economic recovery. He is expected to reveal more details of new
spending plans in a much awaited speech on Tuesday.
- Meanwhile, UK chief Brexit negotiator hold in-person talks with EU dep chief
envoy Alberola today, as both sides are trying to move the negotiations forward.
- Bulls need a clearance of Jun 24 high of $1.2543 before taking aim at Jun 16
high of $1.2688. Bears look for a dip through Jun 22/26 at $1.2336/15, before
turning focus to the lower 2.0% Bollinger band at $1.2295.
- On the data front, coming up in the UK this week we have final Q1 GDP
(Tuesday) and final Markit Services PMI (Friday). Speaker slate is quite heavy,
with BoE's Bailey & Vlieghe due to speak today. Haldane & Cunliffe appear on
Tuesday, while Haskel speaks on Wednesday.
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