Date of referendum in the United Kingdom is getting closer and closer, and more and more attention of analysts and investors pay that «Brexit» will mean for the markets.
But while many of them focused on currencies such as the euro and British pound, HSBC team believes that for those investors who are trying to protect themselves from the influence of «Brexit», it would be wise to pay attention to another currency: the Swiss franc.
"Playing on the increase, the Swiss franc (CHF) may be the best insurance against the influence of« Brexit », - said HSBC FX team led by David Bloom.
If the United Kingdom will vote in favor of the release of the European Union ended, the Swiss franc will be a safe haven amid falling demand for the British pound and the single currency. This situation will help the Swiss franc will be a hedging instrument.
Some investors may be tempted to sell the British pound as an alternative hedge. But HSBC team warns against such actions, because, if the British vote for it to remain within a single unit, the pound is likely to begin to recover fairly quickly. In short - «Brexit» can not be held, but the Swiss franc is the best insurance just in case.
ORB poll last week showed that 51% of voters vote for something to remain part of the block, and 44% of voters support the withdrawal from the EU structure. The referendum in the UK on 23 June.
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