// IP Marketing video - START// IP Marketing video - END

Morgan Stanley predicts first-ever euro-pound parity in 2018

Morgan Stanley predicts first-ever euro-pound parity in 2018

PanARMENIAN.Net - U.S. investment bank Morgan Stanley raised its currency forecasts for the euro on Friday, August 11, 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, Reuters says.

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.

The euro is the official currency of the eurozone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

The pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.

 Top stories
He acknowledged that the U.S. government has yet to request that Ankara waive diplomatic immunity for the Turkish bodyguards.
U.S. Senate challenger Danny Tarkanian has blown past incumbent Sen. Dean Heller (R-NV) per a new poll out of the state of Nevada.
John Heffern, a veteran diplomat, is currently the acting assistant secretary for European and Eurasian affairs.
NASA plans to take advantage of the asteroid's close approach to capture radar images and learn more about Florence's surface features.
Partner news