CBA wins medium-term forecast

forecasts

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The Commonwealth Bank of Australia (CBA) won last week's three-month currency forecast tables after predicting the US dollar would weaken against the pound and the euro with two close calls.

GBP/USD was trading at 1.53 on May 1, when the bank submitted its forecast, and it closed last week at 1.55, as strong data from the UK boosted the prospects of sterling.

Additionaly, the Bank of England (BoE) appears to be maintaining an underlying implicit tightening bias, says

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