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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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May 26 12:30 UTC Released

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2.4 %

Forecast

2.4 %

Previous

2.4 %

May 26 12:30 UTC Released

USCore PCE Prices Prelim

Actual

2.1 %

Forecast

2.0 %

Previous

2.0 %

May 26 13:00 UTC 22m

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Actual

Forecast

3.32 %

Previous

3.20 %

May 26 13:00 UTC 22m

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Actual

Forecast

Previous

3.50 %

May 26 14:00 UTC 6262m

USU Mich Sentiment Final

Actual

Forecast

97.5 %

Previous

97.7 %

May 26 14:00 UTC 6262m

USU Mich Conditions Final

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Forecast

112.5 bln $

Previous

112.7 bln $

May 26 14:00 UTC 6262m

USU Mich Expectations Final

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Forecast

87.9 bln $

Previous

88.1 bln $

May 26 14:00 UTC 6262m

USU Mich 1Yr Inf Final

Actual

Forecast

Previous

2.6 %

May 26 14:00 UTC 6262m

USU Mich 5-Yr Inf Final

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Forecast

Previous

2.3 %

May 26 14:30 UTC 9292m

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Actual

Forecast

Previous

144.5 %

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