Ebury, fintech FX specialists headquartered in London, are pleased to announce that they have been named by Bloomberg as the most accurate EUR/USD forecaster in the fourth quarter of 2018.
The EUR/USD pair is, unsurprisingly, the most competitive currency cross on Bloomberg. Finishing above 63 other eligible forecasters last quarter, Ebury beat all of the world’s major commercial and investment banks in the process.
Enrique Diaz-Alvarez, Chief Risk Officer at Ebury and Bloomberg forecaster, says: “The hard work and independent approach to market forecasting conducted by Ebury’s market analyst team has paid off. When other strategists were revising their Euro forecasts higher as the common currency rallied, we held the line as we didn’t see substantial inflationary pressures in the Eurozone. We also made some bold forecasts for the Brazilian Real and the Mexican Peso that placed us second among all LatAm currency forecasters. We continue to forecast a strong 2019 for most emerging market currencies as they recover from levels that are, in most cases, relatively very cheap to the US Dollar.”
They also ranked very highly on a host of other major and emerging market currencies, securing the number one spot for an additional five other currency crosses. This includes ending the year as the top forecasters for the Mexican Peso (MXN), Singapore Dollar (SGD) and Malaysian Ringgit (MYR).
In addition, Ebury also finished as the second most accurate forecaster for the entire Latin America region, in part due to our strong performance in the Peruvian New Sol (PEN) and Colombian Peso (COP) rankings. Bloomberg’s rankings are based on three rigorous criteria: margin of error, timing and directional accuracy.
Ebury's team of market analysts are available for additional FX commentary and interviews on all currency movements. Please contact email@example.com for more information.
For more information on Ebury, visit www.ebury.com.