CMC Markets wins with on-the-money easing call
Company rules out BoE raising rates this year
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CMC Markets came out on top of last week's 12-month currency forecast charts after correctly anticipating the European Central Bank's (ECB) easing measures would not lower the euro sharply.
On August 9, 2013, the firm forecast EUR/USD, then trading at 1.34, to fall to 1.32 in a year's time, in marked contrast to the consensus call for a drop to 1.24.
Michael Hewson, chief market analyst at CMC Markets, says although he anticipated the ECB would loosen its monetary
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