Monday, April 6, 2015

A little wager on no interest rate change

The retail sales figures from the ABS this morning were stronger than most pundits thought likely, rising 0.7 per cent in February following a strong gain in January. That's enough to persuade me that the market has it wrong in leaning towards a cut in official interest rates this afternoon. Here's the Betfair market as at 12.30pm
Click to enlarge

The 2.64 looks value to me. A suggested 50 units.

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