ANZ wins with bullish view on cable
One-month currency forecast won on GBP/USD view
The Australia and New Zealand Banking Group (ANZ) came first in last week's one-month currency ranking by trusting that UK fundamentals would prevail against market sentiment calling for a retreat of the pound against the dollar.
On March 28, 2014, the bank forecast GBP/USD to rise to 1.68, from around 1.66, contrary to the consensus view calling for a drop to 1.65. Sterling had been trading at between 1.65 and 1.66 against the dollar since the second week of March. On April 28, the pair had
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