RBS wins with restrained view on G10 moves
But the bank expects GBP/USD to trend lower
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Royal Bank of Scotland (RBS) topped last week's one-month currency tables after calling for a halt to large movements in G10 currencies.
On October 31, EUR/USD was trading close to the 1.26 level and USD/JPY closed at 112.3, after the Bank of Japan unexpectedly announced it would expand its current quantitative easing (QE) programme.
Even though the yen weakened further to the 118 level in the subsequent weeks, the large moves in the major pairs were becoming exhausted
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