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MORGAN STANLEY: The euro will be worth more than the pound by next year





Pound Euro

  • Morgan Stanley says Sterling will sink below €1 by next year.
  • Surging Eurozone economy will buoy currency.
  • Brexit uncertainty to weaken pound.

LONDON — The euro will be worth more than Britain’s currency by the end of the first quarter of 2018, analysts from Morgan Stanley said in a client note circulated on Friday.

In the bank’s latest FX Overview paper, a team led by strategist Hans W. Redeker argue that a combination of a stronger euro and a weakening pound will combine to make the euro more valuable than the pound for the first time in its history, and make it — in read more >>>

Source:: BusinessInsider.Com

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