# The British Pound is a Buy says Morgan Stanley

> Morgan Stanley advised clients to buy sterling, forecasting double-digit upside against the dollar before year end and around 3% against the euro. The bank expects a softer Brexit and Bank of England rate hikes to push the pound higher. The forecast depends on resolution of the Brexit process in parliament.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/60341-the-british-pound-is-a-buy-says-morgan-stanley
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A stronger pound would be a currency move with limited direct impact on feed commodity prices. It is a bank forecast rather than a new supply or demand event.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/gbp-live-today/11090-the-british-pound-is-a-buy-says-morgan-stanley

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.