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Chart of the Day: Forbes' effect

Chart courtesy - Bloomberg

British Sterling is in for its first weekly gain since February and its biggest weekly bull run since November last year, thanks to BoE member Kristine Forbes, who surprisingly voted for a hike of 25 basis points at this week's monetary policy meeting.

We at FxWirePro, however, don't see this run lasting for long, not beyond 1.26 against the dollar. Sterling is currently trading at 1.239 against the dollar.

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November 24 09:00 UTC Released

DEIfo Expectations*

Actual

111 %

Forecast

108.9 %

Previous

2.1000 %

November 24 09:00 UTC Released

DEIfo Current Conditions*

Actual

124.4 %

Forecast

125 %

Previous

-0.6000 %

November 24 09:30 UTC 2020m

GBBBA mortgage approvals

Actual

Forecast

Previous

41.584 k

November 24 11:30 UTC 140140m

INBank Loan Growth*

Actual

Forecast

Previous

7.2 %

November 24 11:30 UTC 140140m

INDeposit Growth*

Actual

Forecast

Previous

9.2 %

November 24 11:30 UTC 140140m

INFX Reserves, USD*

Actual

Forecast

Previous

399.29 Bln USD

November 24 11:30 UTC 140140m

TRMBA Mortgage Applications

Actual

Forecast

Previous

79.7 %

November 24 11:30 UTC 140140m

TRMortgage Market Index

Actual

Forecast

Previous

109.5 %

November 24 12:30 UTC 200200m

BRBank Lending MM*

Actual

Forecast

Previous

November 24 13:30 UTC 260260m

USCorn Export sales New

Actual

Forecast

Previous

962 K

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