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24 Sep 2014
Morgan Stanley: GBP/USD to come under renewed pressure - eFXnews
FXStreet (Łódź) - The eFXnews team comment that in Morgan Stanley's view the pound should weaken in the nearest future.
Key quotes
"As fundamentals and relative rate expectations in particular are likely to return as the drivers for GBP, we would expect GBPUSD to become vulnerable."
"Although we would not rule out some further near-term volatility, we view rebounds into the 1.6700 area as providing selling opportunities."
"The move below 1.6460 generates a renewed bearish signal, returning the focus to the 1.6050 lows."
"For EURGBP, we believe that relative monetary policy will play a greater role, and here some further GBP relative gains are still possible and, as a result, we expect EURGBP to keep the pressure on the downside over the medium term."
"Initial rebounds to 0.7900 are selling opportunities, in our view, targeting 0.76/0.75 going into year-end."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"As fundamentals and relative rate expectations in particular are likely to return as the drivers for GBP, we would expect GBPUSD to become vulnerable."
"Although we would not rule out some further near-term volatility, we view rebounds into the 1.6700 area as providing selling opportunities."
"The move below 1.6460 generates a renewed bearish signal, returning the focus to the 1.6050 lows."
"For EURGBP, we believe that relative monetary policy will play a greater role, and here some further GBP relative gains are still possible and, as a result, we expect EURGBP to keep the pressure on the downside over the medium term."
"Initial rebounds to 0.7900 are selling opportunities, in our view, targeting 0.76/0.75 going into year-end."
'This content has been provided under specific arrangement with eFXnews.'