18:36
Gao Jian suggests shorting the Swiss franc against the British pound because the Swiss Banco Central may cut interest rates.
Goldman Sachs recommends shorting the Swiss franc against the pound, as the Swiss Central Bank may intervene to prevent a rapid increase in the Swiss currency. At the same time, Goldman Sachs forex strategist recommends going long on the pound against the Swiss franc, with a target of 1.16 and a stop loss of 1.10. The Swiss Central Bank may have already intervened to curb the rapid increase of the Swiss currency. In the current situation where the Federal Reserve may need to cut interest rates faster and more aggressively to stabilize the economy, decision-makers in Switzerland and Japan may need to adjust policy strategies to counter the impact of the appreciation of safe-haven currencies.
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