Analysts at UBS cut their forecasts on EUR/USD to 1.20 in one month and 1.15 in three months. EUR/JPY to 86.00 in three months (from 97.25 today) and cable to 1.44.
They see some serious declines on the horizon, can’t say I disagree.
And, it’s worth noting that they were on the right side of the trade the last time they lowered EUR/USD forecasts.
