Sterling soars against Australian Dollar

The Australian Dollar came under pressure yesterday as the Reserve Bank of Australia (RBA) indicated it is in no rush to raise interest rates.

RBA governor Philip Lowe appeared to play down the prospect of an Australian hike in the near future during a speech in Perth on Thursday afternoon after expressing his optimism towards Australia's economic outlook.

This sent the pound to its highest point since June 2017 versus the Australian Dollar.
 
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