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There's only one trade this week says Morgan Stanley

Discussion in 'Market News' started by ForexLive, Dec 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Morgan Stanley's Trade of the week GBPJPY is on the Morgan Stanley hit list this week and they advise shorting it "With risk appetite declining and a range of risk events at year-end that could trigger higher FX volatility, we like to short GBP this week. The UK's dependence on the financial sector makes the currency vulnerable to changes in risk appetite, as the Exhibit shows."

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