It’s Dollar’s Time Now Post-Brexit, Top Currency Forecaster Says
- Julius Baer says greenback’s fortunes to ‘change massively’
- It was among the biggest pound bears in the run-up to EU vote
Brexit Continues to Roil Currencies
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For currency strategists, the past quarter was all about Brexit and calling the pound correctly. Now, the most-accurate forecaster is counting on a dollar resurgence to stay ahead of the pack.
Julius Baer Group Ltd. topped Bloomberg’s latest major-currency rankings by posting some of the most bearish sterling forecasts in the run-up to the referendum on Britain’s European Union membership. It also beat its competitors in predicting the yen’s advance as a haven -- a mantle, the Swiss lender says, that’s about to be seized by the greenback.