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RBA to keep rates unchanged in Nov - Westpac

FXStreet (Bali) - According to Westpac's Chief Economist Bill Evans, the RBA is unlikely to cut its cash rate at Nov 3rd meeting despite mortgage rate increases.

Key Quotes

"Cut at 1 Dec meeting "is possible if confidence is hit hard by mortgage rate rises."

"Base scenario is for rates to remain on hold for remainder of 2015 and 2016."

UK retail sales on cloud nine – Nomura

Philip Rush, Research Analyst at Nomura, notes that the UK retail sales posted volume growth of 1.7% m-o-m and came better than the expectations but the large downward revision left room for a rapid recovery, with negative payback now likely.
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GBP/USD flirts with 1.54 handle

The GBP/USD is trading around 1.54 handle, after having recovered from the low of 1.5375 in the Asian session.
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