Morgan Stanley view on EUR (skewed bullish) & GBP (skewed bearish: 3 key divergences) | Forexlive

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• “EUR View: Bullish I Skew: Bullish EUR should gain from positive global forces, a better-than-expected local backdrop, continued ECB normalization, and capital repatriation,” MS notes.
• “GBP View: Bearish I Skew: Bearish Three key divergences – growth, policy, and the balance of payments dynamic – should weigh on GBP and keep GBP as a key G10 laggard,” MS adds.