HSBC - Long Term Forecasts vs. USD
Two thumbs up for HSBC!
HSBC - "Long term forecasts
Given the problems of forecasting out even one year, many are understandably reluctant to venture a view for further out. However, we are aware that a number of our customers have a need for some indication of the likely FX market direction over a longer term horizon for planning purposes. So again, with some trepidation, we publish these longer term forecasts."
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Comment by Peter jcp on February 1, 2013 at 4:35pm -
Long term forecasts for the poor customers who are planning ahead ;-)) Funny enough in the UK Banks sold great hedging products to business pre 2008 to safe guard them against interest rates going up . They were free.............. until interest rates went down and the poor business end up paying tens of thousands - on something designed to save them money.
Its now reckoned that it might cost the big 5 banks in the UK up to £18 billion - in pay outs - that for me means an awful lot of big stop hunts ahead in the Forex market ;-))
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