The Pound-to-Swiss Franc exchange rate rose handsomely on Wednesday and remained one of the better performing Sterling pairs of 2021 but that hasn't stopped Credit Suisse and Natwest Markets from selling the Franc afresh and reiterating earlier buy recommendations for GBP/CHF.
Read more: Swiss Franc Sold as GBP/CHF Tipped for Recovery at Credit Suisse and Natwest Markets
Weakness in the Swiss franc is unlikely to extend say analysts at a leading Swiss private bank.
Read more: Pound-Franc Rate Runs to 1.30 Resistance, Leading Swiss Bank Warns a CHF Rebound Beckons
The Swiss Franc was little changed against the Dollar and Pound on Thursday following the March monetary policy decision of the Swiss National Bank (SNB), which has left the outlook for USD/CHF hinged on the recovery prospects of the all-important EUR/USD and EUR/CHF exchange rates.
Read more: Swiss Franc Outlook Hinged on EUR/USD Recovery as SNB Guards Inflation Progress
The Pound-to-Swiss Franc exchange ratewas lower on Wednesday but remained the best performer of the Sterling currency complex for 2021 and has been increasingly tipped for further gains in the months ahead including by Goldman Sachs, Barclays Capital, BofA Global Research and Natwest Markets.
Read more: Sterling-Swiss Franc Forecasts Flag Scope for 1.35 This Year; USD/CHF Could See 0.97
The Franc appeared to reach an intermediate plateau in its year-to-date descent on Friday as the safe-haven store of value slipped in front of Sterling and the Swedish Krona, but a looming period of divergence between central banks could be about to set the Swiss currency onto the slides again as soon as next week.
Read more: Swiss Franc Heads for the Slides as SNB and Central Bank Divergences Set to Dominate FX Agenda