UBS Wealth Management upgrades 6-month fcasts for euro, sterling

By Kitco News / January 26, 2018 / www.kitco.com / Article Link

LONDON, Jan 26 (Reuters) - UBS Wealth Management upgraded its six-month forecasts for the euro and sterling on Friday after upgrading its short-term forecasts earlier this week, citing protracted dollar weakness.

The firm upgraded its euro forecast against the dollar to $1.28 for six months from a previous forecast of $1.22, according to a report published by the Chief Investment office at UBS Wealth Management.

It also upgraded the forecast for the British pound against the dollar to $1.45 from $1.36 for a similar time frame.

The CIO's office oversees the investment policy and strategy for approximately $2 trillion in invested assets.


(Reporting by Saikat Chatterjee; Editing by Dhara Ranasinghe)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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