UBS tops yearly forecasts for EUR/JPY and cable
UBS wins on two out of five
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UBS topped this week's 12-month forecasts with close calls on two – EUR/JPY and GBP/USD – of the five pairs in FX Week's table.
Twelve months ago, UBS accurately foresaw the pound weakening to a level close to 1.55 against the dollar. At the time, the pound was nearing the peak of its bull run, which topped out at 1.72 in June before taking a 15% dive shortly after. By April this year, GBP/USD had fallen to a low of 1.46, only to rally back towards 1.57 in May.
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