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Australian PM – Interest rates still relatively high

Australian PM Turnbull was on the wires a day after RBA cut interest rates, stating that interest rates are still relatively elevated.

Key quotes

Most would have expected RBA to cut rates sooner

Commercial banks should pass on full RBA rate cut

GBP/USD losing height, nears key Fibo level

Having breached stiff resistance at 1.3315 (23.6% of 1.5019-1.2789) yesterday, the GBP/USD pair failed to extend gains in Asia and is now sitting just
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EUR/USD sees a minor-correction, back to test 1.1200

Having witnessed an extensive rally a day before, the EUR/USD pair attempts a minor-corrective slide in the Asian session back towards 1.12 handle. E
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