City Index on the money with ECB timing

After correctly predicting the central bank would act in June



City Index came out on top of last week's three-month currency tables by anticipating losses in the euro would be moderate before the European Central Bank (ECB) takes definite action to stimulate the economy, the timing of which the company correctly pencilled in for this month.

On March 7, the firm forecast EUR/USD to drop from 1.39 to 1.36, taking a more conservative view than consensus predictions of a slide to the 1.34 region. At the time of City Index's

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