Lloyds wins by predicting USD strength
Lloyds TSB topped the three-month currency forecast rankings this week by correctly anticipating US dollar strength at the start of the new year.
In October last year, the UK bank forecast EUR/USD would reach 1.43 over three months, close to the 1.42 rate reached on January 25. “We believed the prevailing negative market sentiment for the dollar was becoming increasingly unjustified, particularly with EUR/USD driving through 1.50 on October 21," said Trevor Williams, chief economist at Lloyds
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