Societe Generale: buy GBP/CHF
Analysts at Societe Generale recommend buying USD/CHF at $1.4705 targeting $1.500, with a stop-loss on a daily close below $1.4600.
The specialists expect pound to strengthen versus other European currencies because of improving UK economy and technicals. The main risk to this trade is the return of the global risk aversion because on the European sovereign risks or a global problems. Another risk is that the UK economic recovery stumbles badly.
Chart. Daily USD/CHF