Pound/dollar fell to new lows, but the pound isn’t that strong against the euro either. The all important quarterly inflation report from the BOE is looming. What’s next for pound sterling? Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: The latest UK data have been consistent with the theme of an overall cooling in the growth picture from the rapid pace seen at the beginning of the year, notes Morgan Stanley. “While growth is still robust, the recent moderation appears to have given increased comfort to the BoE to maintain policy for longer. In recent speeches MPC members have been decisively on the dovish side, keeping rate expectations pushed back into the latter part of 2015,” MS adds. MS also notes that political risks are also on the rise in the UK as the campaigning ahead of next year’s general election gets under way. “The Labour Party promising a mansion tax on houses over £2 million and the Conservative Party an EU referendum suggest that investment inflows could face headwinds. While FDI flows are currently holding up, with positive M&A inflows to the UK, any signs of these flows slowing will be a long-term negative factor for GBP, in our view,” MS argues. “As a result, we expect GBP to remain under pressure against a stronger USD,” MS concludes. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EURJPY Threatening An Important Support Area Guest 8 years Pound/dollar fell to new lows, but the pound isn't that strong against the euro either. The all important quarterly inflation report from the BOE is looming. What's next for pound sterling? Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: The latest UK data have been consistent with the theme of an overall cooling in the growth picture from the rapid pace seen at the beginning of the year, notes Morgan Stanley. "While growth is still robust, the recent moderation appears to have given increased comfort to the BoE to maintain policy for longer. In… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.