British Pound Sell-Off Accelerates as Cross-Party Talks Break Down.
Logic Strategy Quant scores shifting of favor of GBP, compared to the weak score provided for CHF.
– This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%.
– CHF PPI dropping significantly to 0% with a forecast of 0.2%
– CHF retail sales dropped significantly this month, down to -0.7%
– SVME PMI down for CHF to 48.5 with a forecast for 51
All signs showing the safe haven CHF is overvalued and requires a correction whereas GBP has started to gain strength amidst Brexit negotiations being extended.
GBP/CHF LONG (Buy)
Enter at: 1.28770