The CHF should strengthen against the GBP on SNB's aggressive policy stance.
Economic fundamentals for the GBP have not improved despite the BoE's decision to keep rates on hold.
Capital flight from Britain puts Switzerland in a favourable light as a European stronghold.
Models indicate that fair value is 1.2954, so the rally is a shorting opportunity within a 1-month outlook.
Economic fundamentals for the GBP have not improved despite the BoE's decision to keep rates on hold.
Capital flight from Britain puts Switzerland in a favourable light as a European stronghold.
Models indicate that fair value is 1.2954, so the rally is a shorting opportunity within a 1-month outlook.