Goldman Sachs: Still expecting RBA rate cut next week

After the awful Australian CPI print, Goldman Sachs came out on the wires, noting that RBA rate cut is still on cards next week.

Key Headlines:

Still expecting RBA rate cut next week

Pushes back forecast for the next cut after that to November from July because of potential federal election in July

GBP/USD hits news session lows near 1.4570, awaits UK GDP

The GBP/USD pair continues to trade around a flat line below 1.46 handle, as we progress towards the European open, with markets awaiting fresh incentives from the first estimate of UK Q1 GDP figures.
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AUD: Core CPI collapses – TDS

Research Team at TDS, suggests that the Australia’s domestic inflation, led by services, reflects ‘new normal’ low wage era.
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