Nomura’s cable strength call prevails
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Nomura has topped this week's 12-month currency forecast rankings with an accurate bet on the behaviour of sterling and the US dollar in the aftermath of the financial crisis.
On May 6, 2010, the Japanese bank predicted GBP/USD would rise to 1.59 in a year's time, while EUR/JPY would drop to 117, both of which turned out to be accurate predictions, with spot rates of 1.64 and 116.7 on May 6, 2011.
"The UK and the US were both harmed similarly during
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