The euro will decline to its lowest level in almost three years as a bailout for Cyprus raises the threat of further euro-zone contagion, according to Morgan Stanley’s Ian Stannard.
Hans-Guenter Redeker , BNP Paribas SA’s global head of foreign-exchange strategy in London, is leaving the bank, according to four people with knowledge of the matter.
Not since early 2011 have investors set up as many trades seeking to profit from the pound’s advance as they have this month, and with the currency already having gained 14 percent from last year’s low, that’s making strategists nervous.
"This is very much a move out of euros into dollars."
- Ian Stannard on Oct 19, 2014
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