Sterling’s rally has been about more than better sentiment toward the UK. It has been driven by the disappearance of one of the market’s biggest bearish trades. As political uncertainty faded following the resolution of Labour’s leadership transition, investors who had built sizeable short Sterling positions found themselves on the wrong side of the market. […]The post GBP/CHF Nears Trend-Reversal Zone as Political Risk Fades and Sterling Shorts Unwind appeared first on ActionForex.