City Index wins with bullish euro view

One-month rankings winner for City Index


City Index topped last week's one-month currency forecast index with a bullish view on the euro, having gone against the consensus view in late February with a forecast that the currency would gain marginally against both the US dollar and the yen.

On February 21, City Index forecast EUR/USD would rise from 1.3708 to 1.3760 in a month's time, coming close to the spot rate of 1.3787 on March 24. Ashraf Laidi, chief global strategist at City Index in London, based the forecast on the assumption

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