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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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February 22 23:30 UTC Released

JPCPI Index Excluding Fresh Food

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100.4 %

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100.7 %

February 22 23:30 UTC Released

JPCPI, Overall Nationwide

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1.4 %

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1 %

January 31 00:00 UTC 3325733257m

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January 31 00:00 UTC 3325733257m

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January 22 19:00 UTC 4507745077m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 3325733257m

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January 22 19:00 UTC 4507745077m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 3325733257m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 3325733257m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 3325733257m

ARAnnual Primary Balance*

Actual

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2016 bln ARS

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Bln AR bln ARS

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