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RBA Liftoff: Cash Rate Hits 4.10% as Inflation Pressures Persist

Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness

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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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