Morgan Stanley recommends to sell pound / dollar

Morgan Stanley analysts believe that the British pound remains one of the most vulnerable currencies. In connection with what they recommend to open short positions in the pound / dollar. Bank employees say that testing support, which runs at $ 1.6110 in the medium term could become a catalyst for further downward movement until the fifty-eighth figure. At the moment the pound / dollar stays near $ 1.6210. In European trading the pair still managed to go above sixty-second figures. GBP / USD broke above $ 1.6207, which had previously provided a solid support. Execution stops at the break of $ 1.6210 a couple fascinated by the level of $ 1.6218, which was the maximum of the session. The current rate of $ 1.6212 the pair.