- GBP/CHF continues to languish around all-time lows.
- However, while CHF (and safe haven) demand remains high, GBP could surprise in the long term.
- GBP appears undervalued on a longer-term basis. Sentiment, and a lack of confidence, appears to hold GBP back against safe haven currencies.
- As uncertainty unwinds, and as a new business cycle is able to assert itself, GBP stands a strong chance of rebounding (even outperforming).
- Plenty of uncertainty remains in the short to medium term, but 2021 (and beyond) could provide plenty of opportunity for the U.K. to surprise.
For further details see:
GBP/CHF May Find Weakness Into Year-End, Yet GBP FX Crosses Could Surprise In The Long Term