Goldman maintains recommendation to stay long GBPCHF ...Middle East

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Goldman maintains recommendation to stay long GBPCHF
GBP has testified of its high beta properties after its rapid recovery in August alongside other risky assetsExpected downside in EURGBP below 0.85 and upside in GBPUSD above 1.30 to extendMaintains long recommendation in GBPCHFMain drivers of the bullish view is positive global risk sentiment, lower yields, and improving UK domestic data (demonstrated by recent flash PMI data)Sterling to be supported as solid activity data should help the BoE stay in line with their peersIncoming fiscal policy with the budget statement is a potential risk This article was written by Arno V Venter at www.forexlive.com.

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