Upward sterling view puts Gain Capital on top
Gain Capital has topped this week's one-month currency forecast rankings after accurately predicting significant short-term appreciation of sterling on the back of stronger UK economic data and the imminent departure of Bank of England governor Mervyn King.
On May 17, with GBP/USD trading at 1.5255, the retail broker forecast cable to rise to 1.57 in a month's time, accurately reflecting the spot rate of 1.5718 on June 17.
"Sterling was weaker with Mervyn King going out and Mark Carney coming in
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