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

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September

Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness

Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons

MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks

Australian economic growth recovers strongly in Q3 2020

Fed holds rates steady, adopts wait-and-see stance

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

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RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target

New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026

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BoC holds rates at 2.25%, flags rising economic uncertainty

Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C.

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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