RBS: Sterling set to shine
"We expected the G-4 currencies (US dollar, yen, euro and sterling) would underperform the higher beta currencies due to a mix of lower monetary policy, weaker growth outlooks and the need for tough fiscal consolidation to deal with large debt burdens," said Melinda Burgess, currency strategist at RBS in London.
Burgess said RBS based its 12-month forecast on the assumption the risk-positive trade would continue through much of this year. "The timing of Fed policy changes was expected to
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