On a relative basis, Great Britain will still outperform CHF and EUR. Did anyone even listen to the ECB just yesterday? They said they are going to continue to dilute their currency. So, why would it necessarily rally versus GBP or even USD? Also, there is Switzerland. I see a very long term opportunity for investors to move money out of the negative interest rate environment and into Great Britain. With the British pound being as low as it is, this is a terrific opportunity.
I am shorting EURGBP very soon. Building a position - via options as we speak.
I am going long GBPCHF with both a short term and long term outlook. Position will be with options.
I am shorting EURGBP very soon. Building a position - via options as we speak.
I am going long GBPCHF with both a short term and long term outlook. Position will be with options.