Morgan Stanley calls time on euro and sterling rally
Morgan Stanley has topped this week's one-month currency forecast rankings after making accurately bullish forecasts on the euro and sterling in early March, although the bank believes the rally might now have run its course.
On March 2, with EUR/USD trading at 1.32, the US bank predicted the euro would rise to 1.34 in a month's time, on the basis of strong data from the Purchasing Managers Index (PMI) at the start of the year.
"For the first quarter of the year, we believed there was going to
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