BNP Paribas comes top with dollar view

The bank listens to calls for a rate hike, which it expects the BoE to do in May

forecasts

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BNP Paribas topped last week's one-month currency forecast tables with a view that the widening policy divergence from central banks will continue to support the US dollar and sterling, while weighing on the euro and Japanese yen.

On October 10, against the consensus calling for EUR/USD to rise to 1.27 from 1.26, BNP Paribas saw EUR/USD sliding to 1.25. The bank now expects the pair to gradually but consistently fall to 1.22 by the end of the year, and to 1.20 in the

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