In C++, the results are unspecified. I will be using N3337 for C++11.
First, we have to look at what the type of a string literal is.
§2.14.5
9
Ordinary string literals and UTF-8 string literals are also
referred to as narrow string literals. A narrow string literal has
type "array of n const char
", where n is the size of the string
as defined below, and has static storage duration (3.7).
Arrays are colloquially said to decay to pointers.
§4.2
1
An lvalue or rvalue of type "array of N T
" or "array of unknown
bound of T
" can be converted to a prvalue of type "pointer to T
".
The result is a pointer to the first element of the array.
Since your string literals both contain one character, they're the same type (char[2]
, including the null character.)
Therefore the following paragraph applies:
§5.9
2
[...]
Pointers to objects or functions of the same type (after pointer
conversions) can be compared, with a result defined as follows:
[...]
— If two pointers p
and q
of the same type point to different
objects that are not members of the same object or elements of the
same array or to different functions, or if only one of them is null,
the results of p<q
, p>q
, p<=q
, and p>=q
are unspecified.
Unspecified means that the behavior depends on the implementation. We can see that GCC gives a warning about this:
warning: comparison with string literal results in unspecified behaviour [-Waddress]
std::cout << ("Z" < "A");
The behavior may change across compilers or compiler settings but in practice for what happens, see Wintermute's answer.