Danske in double win after betting on sterling weakness
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Danske Bank has topped both the three-month and 12-month currency forecast rankings this week with accurate long-term predictions of sustained sterling weakness due to ongoing quantitative easing in the UK.
On February 24, 2012, Danske predicted GBP/USD would fall from 1.58 to 1.55 in a year's time. Cable was trading even lower last week, hitting 1.51 on February 25 after rating agency Moody's downgraded the UK's AAA credit rating, which fuelled a
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