Huitong Financial App News-Daragh Maher, head of US foreign exchange strategy at HSBC, said: "NintendoswitchgamescrashbandicootWe are now bearish on the pound against the Swiss franc, we think the Swiss franc has been excessive so far this year, and the bears now look tired. "

Strategists at HSBC said sticky services inflation and wage growth in the UK gave the Bank of England reason to be cautious, but recent comments "still point to near-term interest rate cuts".

"the Bank of England's May meeting could be an important groundwork for potential easing in June," Maher said.

nintendoswitchgamescrashbandicoot| HSBC: The Swiss franc has overperformed this year and is bearish on the British pound against the Swiss franc

Market expectations for a June rate cut rose to about 50 per cent after Dave Ramsden, deputy governor of the Bank of England, spoke last week.NintendoswitchgamescrashbandicootIn his speech, he said he thought inflation was lower than the central bank had expected.

HSBC said interest rate cuts were likely to exceed current market expectations by the end of the year.

On the Swiss franc, Maher said: "in our view, the resilience of the Swiss franc may be due to geopolitical tensions and these lingering uncertainties, and we believe the Swiss franc can continue to support its safe haven status."

HSBC opened at 1.NintendoswitchgamescrashbandicootThe idea of a deal to sell sterling against the Swiss franc in 1350 is aimed at 1.1000, a level last seen in February 2007.

Daily chart of sterling against Swiss franc source: Yi Huitong

April 24, 11, Beijing timeNintendoswitchgamescrashbandicoot36 pounds to the Swiss franc 1.1355 to 55.

[risk Tip] according to the relevant regulations on foreign exchange management, the buying and selling of foreign exchange shall be carried out at the trading venues prescribed by banks and other countries. Whoever buys and sells foreign exchange privately, buys and sells foreign exchange in disguise, buys and sells foreign exchange or illegally introduces a relatively large amount of foreign exchange shall be imposed by the foreign exchange control agency according to law; if the case constitutes a crime, he shall be investigated for criminal responsibility according to law.