Morgan Stanley predicts euro parity with pound for 2018
Reuters
Published Aug 11, 2017 03:12AM ET
Morgan Stanley predicts euro parity with pound for 2018
LONDON (Reuters) - U.S. investment bank Morgan Stanley (NYSE:MS) raised its currency forecasts for the euro on Friday, predicting it would hit $1.25 early next year and be one-for-one versus Britain's pound for the first time in its 18-year history.
Morgan Stanley also cut its forecast for the Mexican peso to 20 per dollar in the third quarter of next year, saying it would come under pressure ahead of the country's elections.
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Written By: Reuters
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