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BNP have put out a trade idea and are.........>

FOREX
FOREX: BNP have put out a trade idea and are staying long GBPCHF with a trailing
stop. They note the following.
- Recent Brexit news appears to have shifted sentiment in favour of our base
case scenario of an extension of Article 50 and a second EU referendum.
- We think the GBP has room to strengthen further as our base case materialises.
- We trail the stop on our long GBPCHF recommendation to 1.2650 for a minimum
gain of 1.30%.

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