💱GBP, CHF Hold Most Overvalued Real Rates: Cable FX Macro

**As seen in Risk In The Week report 12/01/23, subscribe at cablefxm.co.uk/reports

• The real effective exchange rates section in our Macro Walk report is showing sterling and franc as the most overvalued currencies in the G10

• Data provided by the BIS is then calculated by us to be ranked. The z-score looks at five years of historical data

• Despite its recent strength, the yen remains second most undervalued in REER terms