RBA’s Lowe: Upside risk on inflation are very remote

Further comments are out from the Reserve Bank of Australia (RBA) Governor Lowe, citing:

Rate cuts have a lesser impact than in the past

But cuts still effective

Upside risk on inflation are very remote

Jun 20, 2019

Odds of a July RBA rate cut jump above 70% post-RBA Lowe’s speech

Following the dovish reiteration by the Reserve Bank of Australia (RBA) Governor Lowe earlier today, markets are now pricing in the odds of a July rat

GBP/USD rises to 1-week high ahead of UK retail sales, BOE

With the US Dollar’s (USD) across the board slump offering additional strength to rest of the major currencies, the GBP/USD pair extended the previous advances.