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GBP/AUD Outlook: Pound to Australian Dollar Rate Fluctuates as BoE Keeps Rates Unchanged

BEIJING (Reuters) -A mixed batch of Chinese data on Friday showing a narrowing slump in merchandise trade and the persistence of deflationary pressures underlined the challenges policymakers face in trying to engineer a durable economic recovery. China's raft of policy support measures over recent months have begun to stabilise some parts of the world's second-biggest economy, but a long-running property crisis, a slowdown in global growth and geopolitical tensions remain a drag on broad activity. "There's increasing evidence that the cyclical upturn in the global electro...

BEIJING (Reuters) -A broad array of Chinese data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth and prompting authorities to cut key policy rates to shore up activity. Less than an hour before the release of a batch of July data, China's central bank unexpectedly cut key policy rates for the second time in three months, underlining the rapid loss of the post-COVID economic rebound that has shaken global financial markets. Industrial output grew 3.7% from a year earlier, slowing from the 4.4% pace seen in June, data released by ...

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BEIJING (Reuters) -A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed to revitalise growth. Just before the release of a batch of July data, China's central bank unexpectedly chopped one set of key interest rates, and followed it with cuts on other rates hours later, underlining the rapid loss of the post-COVID economic rebound that has shaken global financial markets. Tuesday's data released by the National Bureau of St...