Breaking News: Australia PM Turnbull will not contest leadership vote: Sky News - Reuters

FXStreet Team FXStreet

The news is crossing the wires via Sky News that Australia's Prime Minister Malcolm Turnbull will not contend leadership vote.

The Australian PM will face a second leadership challenge later today, having lost the support of three key backers — Mathias Cormann, Mitch Fifield and Michaelia Cash.

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