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Jun 09 - 10:55 AM

GBP: Leaning Short GBP/USD And Long EUR/GBP; CHF: Choppy Trading In EUR/CHF - Credit Suisse

By eFXdata  —  Jun 09 - 10:30 AM

Credit Suisse summarizes its tactical bias on GBP and CHF.

"GBP – BoJo clinging on for now. Overall, the relative pace of central bank hiking is more important than UK politics at this time. Leans towards being long EURGBP and short GBPUSD due to expecting Fed and ECB to outperform expectations relative to BOE," CS notes. 

"EURCHF - volumes really picking-up in eurchf last 48 trading hours. continues to trade supported above 1.0400 , but with tougher resistance expected 1.0515+1.0550. choppy trading persists," CS adds.

Source:
Credit Suisse Research/Market Commentary

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