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Aussie Sells Off After RBA Hikes 50 bp while Sterling Bounces on UK New Initiative

A GBP130 bln initiative by the new UK government to protect households from the surge in power costs helped lift sterling from 2.5-year lows. The Reserve Bank of Australia delivered the expected 50 bp rate...

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Aussie Sells Off After RBA Hikes 50 bp while Sterling Bounces on UK New Initiative

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