HSBC has admitted it was “wrong” to predict a heavy slide in the pound this year, as the banking giant’s bearish currency analysts were made to revise their forecasts

The giant had previously stated that sterling might end at $1.20 at the close of 2017, on par with the euro, but it now says it is more likely to hit $1.35 and €1.12.

To read more follow the link: DeVere, September 19th 2017