Goldman Sachs has exited its long GBP/CHF position with a small profit last week, noting that Sterling has underperformed its usual risk beta. Despite recent tactical setbacks influenced by Bank of England (BoE) Governor Bailey’s comments and geopolitical developments, Goldman Sachs maintains a constructive outlook on the British pound, supported by structural drivers and a positive global risk environment.Key Points:Exiting GBP/CHF Position:Goldman Sachs exited its long GBP/CHF position last week, realizing a small profit.Sterling has underperformed its typical risk beta this week, influenced by strong signals from BoE Governor Bailey.BoE Communications and Policy Outlook:Governor Bailey su
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