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Australia’s current account deficit shrinks less than estimates in Sept,

FXStreet (Mumbai) - Australia’s current account deficit narrowed to AUD18.1b in the September quarter as compared to AUD20.5 billion in the previous quarter, official figures showed.

The surplus on goods and services increased AUD6.1b to AUD8.2b in the September quarter. This is expected to contribute 1.5 percentage points to growth in the September quarter 2015 volume measure of GDP.

Australia's terms of trade on goods and services fell 2.4% in the September quarter, seasonally adjusted.

GBP/USD: downside risks stacking up - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Pound managed to bounce after testing the 1.5000 region against the greenback, with the pair having been as low as 1.4992 during the European morning. The bounce can be attributed to technical buying interest around the critical psychological figure rather than because of some sudden strength in the British currency.
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