April 14,2021

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. 

Pound Sterling remains among the worst performers for 2020 and the economy one of the most badly affected by the coronavirus, although if an acrimonious Brexit is avoided this month, both the economy and currency could quickly become a contrarian's contenders for outperformance in 2021. 

The Pound may rise to its highest level since the Brexit vote of 2016 this Spring, according to strategists at investment bank Credit Suisse, who have made selling EUR/GBP a 'top trade' this Spring.

The Canadian Dollar arrested its March-long decline during the last week and recoiled against the US greenback and British Pound, although strategists at global investment bank Credit Suisse say there is renewed weakness lurking just around the corner for the Loonie.

But "severe downside" risks must be guarded against warn analysts watching the binary nature of risks associated with Brexit talks.

Pound Sterling is to shake off Theresa May’s leadership dramas says a leading foreign exchange analyst who suggests the Pound will rise against the Euro longer term.

The analyst community are playing catch-up with a falling Pound and downgrading their forecast targets following a particularly poor run for the currency.

The Euro’s impressive rally might be due a pause, but this will not see technical analysts at Credit Suisse deviate from their bullish stance on the single-currency.

The Euro to Dollar exchange rate hit another new high this week having achieved 1.1913 in late North American trade on August 2.

Why analysts don’t believe Sterling requires a massive downgrade against the Euro as is the case for EUR/USD because the risk of a Pound-positive surprise remains elevated.

Credit Suisse have taken a conviction line on their forecast for the Pound to fall against the Euro by announcing a trade recommendation that seeks to take advantage of the decline.

Credit Suisse are the latest big-name in institutional research to say they are to revisit their forecasts for the British Pound.

Pound Sterling was to take a 10% hit on hard-Brexit manifesting itself Credit Suisse told us at the start of 2017.

Sterling’s recent weakness may not have come as a surprise to traders since the previous uptrend was based on less than solid foundations.

Projections for AUD have been lowered as the Australian economy cools through the coming year.

The risk of a major political crisis in the Eurozone is making SNB interventions ever more costly and impractical, according to Credit Suisse.

Credit Suisse have today told clients they are again revising lower their forecasts for Sterling.

Technical strategists at Credit Suisse have told us why they believe the British Pound remains a core ‘short’ in their trading portfolio.

Strategist Honglin Jiang argues that evidence is biased towards the Reserve Bank (RBA) remaining on hold for the rest of 2016.