Bailey speech: Cannot precisely define what a modest tightening of policy would be

Following the Bank of England's (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895 billion, respective
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AUD/USD eases from tops, still well bid around 0.7400 mark

The AUD/USD pair witnessed some selling during the early North American session and slipped back below the 0.7400 round-figure mark in the last hour.
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