BNP: Trade Ideas: FX: Staying long GBPCHF: FXWW

From the FXWW Chatroom – BNP: Trade Ideas: FX: Staying long GBPCHF; trailing stop

Recent Brexit news appears to have shifted sentiment in favour of our base case scenario of an extension of Article 50 and a second EU referendum.
We think the GBP has room to strengthen further as our base case materialises.
We trail the stop on our long GBPCHF recommendation to 1.2650 for a minimum gain of 1.30%.

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