The Trump Factor continues to boost Sterling (Daniel Johnson)

Since Trump’s election we have seen Sterling rally against the Swiss Franc. Trump’s stance towards trade negotiations differs to that of Obama’s. He has stated trade negotiations with the UK would be swift and the US would accommodating to the UK’s needs. Theresa May played it smart by not lambasting Trump during his campaign where many other world leaders did. She knew there was the chance she may have to negotiate with him in the future.

This along with investors leaving the safe haven of the US Dollar and moving to the chronically undervalued pound has caused Sterling to rally against the Swiss Franc, which now sits at 1.2451. If you are a Swiss Franc buyer it may be wise to take advantage of current levels considering the uncertainty surrounding Brexit.

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