Any sterling bears out there…?

View Comments

Morgan Stanley’s looking at a lower GBP/USD next year towards 1.5400, with a bounce in EUR/GBP towards 0.8300 in the first quarter of 2013 before the cross eases back again towards 0.7800 into the year end.

The bank’s citing a loss of safe-haven status for the pound and exposure to negative fundamentals as a result of  a slowdown in the Eurozone economy.

(Dow Jones story)

2012-12-12T11:12:24+0000

All|Economic Data|Europe|Regions

GBP/USD|Morgan Stanley|UK economy

Pete Jackson

12 Comments

  1. If I am not wrong Pete, these are the selling level in my opinion. We haven’t seen cable passed, 1.6155 for a while now.

  2. Pete,are you able to pull-up this report,be Prepared is the Motto.,Thanks mate

  3. here’s one big fat bear
    1..6150’s the shortin’ target

  4. morning Silverwing, actually just pulled that up from Dow Jones. Think 1.6300 may prove a tough hurdle but also see 1.5800 good support. I’ll scout around and see if i can pick up the full story

  5. Screw them: long term the Sterling together with the Euro will continue its uptrend against the USD. The USD is the currency to lose its save-haven status as Europe is making a clear progress in the debt crisis resolution while the US is doing zero to reduce its exploding debt. Short term we have also a clear uptrend – so they can really put their recommendation somewhere :)

  6. Something to keep my eye on in the coming year.

  7. Hi Pete even though I think very little of Chancellor Osbourn and his policies for the UK I seem to think there is a bit of stability in the region than its counterparts. Is it the effect of the olympics or I am just the only one who seems to think it is stable?

  8. I’m not that bearish to be honest pdowusu, think we’re likely to remain rangebound, but see EUR/GBP struggling to get as high as they do. Always interesting to see other peoples views though. Not so sure about this one mind you…

  9. Morning Pete :)
    I’d have thought Dow Jones will have picked up enough of the gist, considering the reasoning behind their short rec the other week .
    Sooo did they throw in the towel 100 pips ago, or are they still hangin in by a smidge for a loss ;)

  10. @fxzero..U got it wrong, USD will never lose its status Unfortunately, Sorry Charlie..and ..the Euro Sucks, always has, always will…Take it to the bank

  11. @Greggt In European Banking Business we rename USD the Monkey Money or the Third World Money ;)
    Its value is zero plus zero equal zero :)

  12. @fxzero
    EZ still has the debt problem. The only different is that It is December and in Europe we have a relax weather to buy many things (Santa) and forget the problems ;) january will be a nightmare for Europe

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.