Foreign exchange strategists at Goldman Sachs are backing the British Pound to advance against the Swiss Franc, citing an improved UK economic outlook and steady reversal of the impressive buying demand for the Franc seen in 2020. "While growth in the UK and Euro area has hit some unexpected headwinds, a number of tail risks have waned and we think it is enough for the risk premia in GBP and CHF to unwind," says Zach Pandl, an economist with Goldman Sachs in New York. The Pound-to-Franc exchange rate has been in a steady uptrend in 2021, with the advance taking the pair from January 01's open at 1.2087 to current ... (full story)