GBPCHF Higher
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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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.