Lloyds hits Olympic gold with forecasting triumph
Lloyds Banking Group scooped two gold medals and one bronze in this week's currency forecast rankings, topping the one- and three-month rankings and coming third in the 12-month rankings after clinging steadfastly to a macro-driven view on the euro.
On May 4 and June 29, the bank forecast eurodollar would fall to 1.23 and 1.22 respectively, accurately reflecting the spot rate of 1.2267 on July 30. Lloyds was also close to the mark with its forecasts on USD/JPY, EUR/JPY and USD/CHF, which the
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