Brexit economics keep Morgan Stanley bullish on cable

Strategists encouraged by Prime Minister May’s bridge-building with corporate Britain, among other things

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Let's talk: "The government is showing a new willingness to listen to businesses on Brexit matters, with PM May (pictured) setting up a new business advisory group" – Morgan Stanley
Yui Mok/PA Wire/PA Images

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UK Prime Minister Theresa May’s recent decision to break the ice with corporate Britain could help renew optimism for sterling – a move that could add to the currency’s strength should the nation’s inflation outperform the Bank of England’s (BoE) expectations, say strategists at Morgan Stanley, which topped this week’s one-month forecast table.

May scheduled talks with business lobbies and company executives at her Downing Street residence on July 20, marking the