Beating out commercial and investment banks in the process, the independent approach taken by Ebury has secured it a top spot in the most competitive currency cross on Bloomberg. Following up, the team also rated second for LatAm currency forecasters after bold predictions for the Brazilian Real and Mexican Peso.
Bloomberg’s rankings are based on three criteria: margin of error; timing; and directional accuracy. Describing how they topped 63 other eligible forecasters 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.”