💶🔺EUR/CHF Posts Longest Winning Streak Since 2022: Cable FX Macro

• Euro-Swiss franc is up 0.2% on the day to 0.9906, the 8th consecutive session of gains is the longest winning streak since October 2022

• Despite the rise, the options market does not seem to engage in further topside. 1w risk reversals continue to favour the franc marginally

• Analysts noted the higher than estimated U.K. CPI as a reason for funds to engage in CHF shorts against GBP, the offers drove EUR/CHF and USD/CHF higher