UnknownUnicorn27566687

The Pound will depreciate -27% toward the Swiss Franc

Short
SAXO:GBPCHF   Livre sterling / Franc suisse
The chart of GBP/CHF on a monthly time scale sees the GBP/CHF price/volume exchange rate trendline being priced below the IKH Senkou A/B which means a consolidated downtrend. That would see in terms of stocks and flows Institutional Funds exiting and dumping the Pound, while finding safety in the Swiss Franc a much more stable and valuable hard currency, backed by solid macro-economic fundamentals of the Swiss Economy.
The repricing of the GBP/CHF could reach new lower lows, with a -27% depreciation down to GBP/CHF 0.80 cents
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