e were ranked in the top three most accurate forecasters for five different currency pairs in the first quarter of the year, including the impressive feat of securing the number 3 spot for the EUR/GBP cross! This is not only one of the most heavily traded currency pairs in the world but, with a total of 50 eligible forecasters, one of the most competitive in Bloomberg’s FX rankings.

This achievement can be ascribed to our on the money calls for EUR/USD and GBP/USD. We correctly predicted near-term downside in both currency pairs, at a time when most analysts were revising their projections upwards, with the two exchange rates ending the quarter within 1% of our Q1 forecasts.

Elsewhere, we remained among the top forecasters for the Polish zloty (PLN), landing the number 3 spot for PLN against both the euro and the US dollar, repeating similar successes from Q4. We were also named as the most accurate forecaster for the Peruvian new sol (PEN) for the third straight quarter, while regaining the #2 spot for one of our long-held favourites, the Singapore dollar (SGD).