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Sterling Tumbles To 31 Year Low Pushing The FTSE100 Near All Time High; US Futures Flat

In another mostly quiet overnight session where the RBA kept rates unchanged at 1.50% as expected, followed however by an unexpected 25 bps rate cut by the RBI, the main event has once again been sterling, which continued its slump after recent comments by Theresa May that Article 50 would be triggered by March, with cable falling to a 31 year low as Brexit worries were compounded by a stronger dollar, and boosted by resurgent U.
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