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Default Annoying single quote with ever new workbook

Whenever I start a new workbook, if I enter text into a cell and press enter,
in the formula bar the text is preceded with a single quote. I have obviously
switched something on somewhere for this to happen. I know I can do a
Find/Replace, but I dont want to do this for every workbook I produce. Does
anybody know how to switch it off?
 
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