GBP/CHF Gains Momentum as BofA Sees Further Carry Trade Potential
The Pound Sterling to Swiss Franc exchange rate (GBP/CHF) has shown a small weekly gain, reaching 1.0902 by Friday's close.
This is largely due to the interest-rate advantage that GBP holds over CHF, with Bank of America predicting further gains for the pair.
According to BofA, 'No major G10 cross offers higher vol-adjusted carry,' making GBP/CHF an attractive carry trade.