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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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March 29 14:00 UTC Released

USPending Sales Change MM

Actual

5.5 %

Forecast

2.4 %

Previous

-2.8 %

March 29 14:00 UTC Released

USPending Homes Index

Actual

112.3 %

Forecast

Previous

106.4 %

March 29 23:50 UTC 278278m

JPForeign Bond Investment

Actual

Forecast

Previous

149.4 bln JPY

March 29 23:50 UTC 278278m

JPForeign Invest JP Stock

Actual

Forecast

Previous

-580.4 bln JPY

March 30 00:00 UTC 288288m

AUHIA New Home Sales m/m

Actual

Forecast

Previous

-2.2 %

March 30 00:01 UTC 289289m

BRTJLP Lending Rate*

Actual

Forecast

7.50 %

Previous

7.50 %

March 30 06:00 UTC 648648m

ZAM3 Money Supply YY*

Actual

Forecast

7.90 %

Previous

7.91 %

March 30 06:00 UTC 648648m

ZAPvt Sector Credit Ext.*

Actual

Forecast

5.21 %

Previous

5.56 %

March 30 07:00 UTC 708708m

DESN State CPI MM*

Actual

Forecast

Previous

0.5 %

March 30 07:00 UTC 708708m

DESN State CPI YY*

Actual

Forecast

Previous

2.4 %

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