GBPCHF looks low to me
I’m not a fan of the GBP narrative at the moment, a lot of talk about the BoE hiking into slowing growth and risks of stagflation but I think for this week I like a GBPCHF long for different reasons.
GBP has been trading similarly to EUR for similar reasons, we’ve had a strong push higher on EUR on lower commodities/more positive Russia/Ukraine news but not much movement yet on GBP.
We have the BoE this week which I think could be slightly more hawkish than the market expects. We were expecting a more dovish ECB last week due to Ukraine and for the most part they looked past the risk to the economy somewhat so I can see the same happening with the BoE.
Commodities have started to move lower as well as oil and risk sentiment this week looks more stable to me so I can see CHF getting weaker and GBP rising this week.
Not trading/investment advise, feedback would be appreciated!
I’m not a fan of the GBP narrative at the moment, a lot of talk about the BoE hiking into slowing growth and risks of stagflation but I think for this week I like a GBPCHF long for different reasons.
GBP has been trading similarly to EUR for similar reasons, we’ve had a strong push higher on EUR on lower commodities/more positive Russia/Ukraine news but not much movement yet on GBP.
We have the BoE this week which I think could be slightly more hawkish than the market expects. We were expecting a more dovish ECB last week due to Ukraine and for the most part they looked past the risk to the economy somewhat so I can see the same happening with the BoE.
Commodities have started to move lower as well as oil and risk sentiment this week looks more stable to me so I can see CHF getting weaker and GBP rising this week.
Not trading/investment advise, feedback would be appreciated!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.