Sterling may fall to $1.25, dollar to 90 yen after UK vote -Morgan Stanley

June 24, 2016 4:48 AM

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LONDON, June 24 Sterling's should fall to between $1.25 and $1.30 and the yen and Swiss franc will gain strongly as markets digest Britain's shocking vote to leave the European Union, U.S bank Morgan Stanley said in a note to clients on Friday.

The bank's cross-asset team targetted a fall in the U.S. dollar to just 90 yen from current levels of around 101.60 yen and of the euro to 1.02 Swiss francs from 1.07 francs.

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