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UBS: Trump's tenure boosts safe-haven currencies, and GBP/CHF may still remain stable.

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On January 20th, Jin Shi Data reported that UBS Global Wealth Management strategists stated in a report that the pound against the Swiss franc may narrow range swing recently, as the favorable interest rate differential is offset by safe-haven funds flowing into the Swiss franc. Compared with the Swiss Central Bank, the UK Central Bank is expected to gradually cut interest rates. The strategist said, “Nevertheless, during periods of increased uncertainty, such as risks related to U.S. trade policy, the Swiss franc remains a reliable hedging tool.” At the beginning of Donald Trump’s presidency, the demand for hedging may rise, and the Swiss export structure should be able to protect the country from the impact of Trump’s proposed tariffs. UBS expects the pound against the Swiss franc to trade within the range of 1.10-1.135 at present.

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SajibKarmokerBTCKingvip
· 01-20 15:40
To Da Moon 🌕
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