Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Currency Cogs

27405

Argentex ranked most accurate forex forecaster for third consecutive quarter

RELATED TOPICS​

Argentex, an FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, has been ranked the world’s most accurate forecaster of GBP/USD and EUR/USD currency pairs by Bloomberg.

The rankings have placed Argentex as the most accurate forecaster of EUR/USD – the world’s most traded market – for three consecutive quarters, underpinning the exceptional level of accuracy and speed of execution and expertise of its specialist team.
 
Argentex transacted more than USD10 billion of currency in 2017 for corporate and private clients globally.
 
Bloomberg’s rigorous methodology ranks FX forecasters based on three criteria: margin of error, timing (for identical forecasts, earlier ones received more credit) and directional accuracy (movements with the currency’s overall direction).
 
Harry Adams, MD at Argentex, says: “Consistently placing so highly in these rankings is testament to both the hard work and experience of Argentex’s FX specialists. We will continue to uphold the accuracy of our forecasts and remain committed to delivering tighter pricing, increased transactional efficiency and deep market knowledge in order to deliver the best service for our customers.”
 
John Goldie, FX Dealer at Argentex, adds: “It’s great to see our accuracy recognised with Argentex placing at the top of the Bloomberg rankings once again. We have long observed GBP forecasts from some mainstream institutions and commentators to be overly-pessimistic. With Brexit uncertainty adding increased complexity and difficulty in forecasting GBP, we have remained bullish on GBP/USD for more than a year now and even with such a consistent trend higher in the last 12 months, the pound remains historically cheap by nearly any measure.”

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by