Lloyds spot-on with bearish euro forecast
Lloyds Banking Group has topped this week's three-month currency forecast rankings with spot-on predictions that the euro would fall sharply during the second quarter while the yen would hold ground against both the euro and the US dollar.
On April 20, with EUR/USD trading at 1.32 and EUR/JPY trading at 107.81, the UK bank forecast the two pairs to fall to 1.22 and 96.38 respectively in three months' time, accurately reflecting spot rates on July 16.
"We were thinking that the eurozone crisis
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