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