CHF/GBP
GBP/USD, GBP/CHF and GBP/JPY Forecasts – British Pound Noisy on Wednesday
The British pound has seen varying moves in varying markets on Wednesday, as the Bank of England continues to look a bit more hawkish that others.
GBP/CHF Rebounds as UK Fiscal Worst-Case Fears Fade, Head-and-Shoulders Bottom Forming?
Sterling strengthened broadly on this week, but the rebound was driven less by optimism over the UK economy and more by the easing of immediate political and fiscal fears that had weighed heavily on British assets in recent weeks. Markets appeared willing to scale back worst-case scenarios involving political instability, fiscal slippage, and runaway inflation risks, helping support Pound against lower-yielding safe havens such as Swiss Franc.
MUFG Pound to Swiss Franc Forecast: GBP/CHF Target Remains 1.02
The Pound to Swiss franc (GBP/CHF) exchange rate hit 3-month highs close to 1.0680 in late April, but was unable to sustain the gains and has retreated to near 1.0580 this week. MUFG is still backing a stronger franc and weaker Pound over the next few months and continues to forecast that GBP/CHF will slide to 1.02.
MUFG Pound to Swiss Franc Forecast: Sell GBP/CHF Target 1.02
The Pound to Swiss franc (GBP/CHF) exchange rate hit 7-week highs above 1.0620 late last week before trading around 1.0540 amid choppy trading. MUFG notes that the Pound has been resilient during the Iran conflict while the Swiss franc has under-performed.
GBP/USD, GBP/CHF and GBP/JPY Forecasts – British Pound Attempting to Rise
The British Pound has been trying to build up some strength in early Wednesday trading, as the Bank of England is likely to stay hawkish.
