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BoC holds rates at 2.25%, flags rising economic uncertainty

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic

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U.S. Consumer Confidence falls in September

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United States building permits

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Chart of the Day Series

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Chart of the Day: Forbes' effect

Chart courtesy - Bloomberg

Friday, March 17, 2017 4:50 PM UTC

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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Chart of the Day: Forbes' effect

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