Gold bars to be exempt from tariffs, White House clarifies
BofA analysts highlighted the recent dip in the GBP/CHF currency pair as an appealing entry point for investors with a bullish outlook.
The recommendation follows the US announcement on April 2 of new tariffs, which induced significant short-term fluctuations in the market.
The United States has imposed a 31% reciprocal tariff on goods from Switzerland, while the rate for the UK stands at 10%.
Despite this, the Swiss Franc (CHF) has seen a rally against other European currencies and the US Dollar (USD). Market experts attribute this trend to global investors seeking safe-haven assets amidst the heightened market volatility.
BofA analysts anticipate that the GBP/CHF uptrend, which has been temporarily disrupted, is likely to resume once the current market volatility subsides.
The overnight decline in the currency pair is seen as providing an attractive level for investors who are optimistic about its prospects.
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