Contrarian euro view lands RBS on top

Cable October 15 2012

Download this week's currency forecasts index

Royal Bank of Scotland (RBS) has topped this week’s one-month currency forecast rankings with a prescient view on the short-term rally of the euro on the back of the latest bond-buying programme announced by the European Central Bank (ECB) in early September.

On September 7, the day after the landmark announcement by ECB president Mario Draghi, EUR/USD was trading at 1.2691 and the consensus view of forecasters was that it would fall to 1.24 in a mon