GBPUSD - MORGAN STANLEY EXPECTATION Analysts of Morgan Stanley - TopicsExpress

GBPUSD - MORGAN STANLEY EXPECTATION Analysts of Morgan Stanley consider that recent up correction on GBP/USD will not continue for a long period. For the current moment British currency has not any advantages for strengthening and publication of BoE Minutes on Wednesday can support bearish sentiment. At the same time American economy continues to recover. Morgan Stanley recommends to open short positions on currency pair close to 1.5200 area and expects crossing of 1.4975 level and 1.4815 after it. Bank saves its forecast for the end of September and expects to see 1.4500 level at that period of time.

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