GBP is at risk of undershooting its fair-value targets warn Morgan Stanley.  

Morgan Stanley are forecasting an extension of the euro / pound exchange rate rally. Hans Redeker, Head of Global FX Strategy at Morgan Stanley writes:

The British pound is seen stabilising on currency markets at the time of writing leading many to believe that a recovery could take place.

Two prominent research institutions have reiterated their view that the British pound is too expensive owing to the UK’s continued inability to export more.

With the British pound putting in one of it’s strongest performance in years at the start of Referendum week some analysts are already looking at where to sell the pair.

The commodity dollar bloc is forecast to struggle this week by analyst Charles Rubenfeld at Morgan Stanley.

The debate over whether the May rally in the US dollar can extend into June rages on. In the ’Yes’ camp are Morgan Stanley.

Questions are being asked about the US dollar’s outlook following the April declines. All are in agreement that the USD is at a key juncture. Here are the views on the way forward from two leading forecasters.

Expect the US dollar to remain offered while the pound sterling should rally suggest analysts at leading US investment bank.

One of the most anticipated central policy event of April will be the Bank of Japan’s meeting on the 28th of April.

USD: Staying Offered. Bearish - EUR: Range Bound Post ECB. Neutral - GBP: Supported by Risk Premium. Neutral - AUD: Watching CPI. Neutral - CHF: EU politics watched. Neutral - NZD: Focus on RBNZ. Neutral

Charts are showing volatility may be on the horizon for the precious metal, but the question is in which direction?

A strategy note out from Morgan Stanley suggests the rand is likely to benefit against the Japanese yen over coming weeks.

The euro is now expected to weaken to parity with USD, and its all because of those banks again..

Two leading institutional researchers have told clients why they are not convinced strength in the NZ dollar will be sustainable in 2016.

Brexit will see the GBP fall, but worryingly for sterling bulls, even an In vote won’t save pound to dollar exchange rate from the 1.20s.

The outlook for the British pound took a negative turn in October and since then sentiment has been overwhelmingly negative.

Exchange rate forecasters at Morgan Stanley have cut their predictions once more for the euro dollar rate.