The Pound to Dollar exchange rate looks better supported as Trump angles for a weaker Dollar through Federal Reserve intervention.
Pound Sterling can extend its rally against the U.S. Dollar if the Federal Reserve signals there is still scope to cut interest rates this year.
Morgan Stanley strategists are sellers of the U.S. Dollar against the Euro, Pound and Yen and buyers of U.S. treasury bonds.
The Dollar has recovered from recent losses after President Donald Trump raised the spectre of a universal import tariff once again.