August 11, 2017 / 7:14 AM / 8 days ago

Morgan Stanley predicts euro parity with pound for 2018

Euro coins are seen in front of a displayed stock graph in this photo illustration taken in Zenica, Bosnia and Herzegovina, June 30, 2015.Dado Ruvic

LONDON (Reuters) - U.S. investment bank Morgan Stanley 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 MXN= in the third quarter of next year, saying it would come under pressure ahead of the country's elections.

Reporting by Marc Jones and Patrick Graham

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below