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The Australian dollar was boosted by some spicy inflation data.

The pound to Australian dollar exchange rate (GBP/AUD) is dropping fast, and the 2.0% line is rapidly coming into view.

The decline rests primarily with a broad selloff in pound sterling , linked to falling bond yields amidst expectations that the UK government will squeeze the life out of the domestic economy at next month's budget.

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i - Based on average GBP/AUD rate observed in July.

However, fresh impetus comes from a big move on the

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