GBP/CHF: the macro gap
On the Macro Currency Strength Meter, the British Pound scores -14 and the Swiss Franc scores -28 — a gap of 14 points in favour of the British Pound. The widest divergence is in risk mood, which favours the British Pound. All else equal that gap is a fundamental tailwind for the British Pound against the Swiss Franc — though markets may already have priced much of it in.
Strength gap
+13.6
Stronger side
GBP
Edge is
Holding steady
Scores
-14 vs -28
Factor by factor
Positive is stronger relative to the other majors, not in absolute terms. The gap column is GBP minus CHF.
| Factor | GBP | CHF | Gap |
|---|---|---|---|
| Interest Rates | -31 | -46 | +15.0 |
| Positioning | -6 | +7 | -13.2 |
| Risk Mood | +8 | -39 | +46.3 |
Advertisement