Australian Dollar stumbles near recent highs

AUD/USD is trading little changed on Thursday, shrinking near the 0.7050s below the multi-week high reached on Wednesday near 0.7091. The pair holds its ground after US data pointed to cooling price pressure, keeping the US Dollar (USD) stagnant.
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United Kingdom: Growth resilient as BoE stays on hold – Standard Chartered

Standard Chartered’s Christopher Graham notes that UK growth remained resilient in Q2, with GDP rising 0.4% q/q, driven by private consumption and business investment while government spending dragged. He expects a slowdown in H2, with growth easing to 0.2–0.3% q/q in Q3 and Q4.
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