Bullish GBPCHF scenario continues with 1.26 in sight.
In this section, you will find our latest GBPCHF news and analysis, you will also be able to read about its history, and find a live chart for technical analysis.
What is GBPCHF?
GBPCHF is the fx pair that shows the exchange rate of the British Pound (GBP) against the Swiss Franc (CHF). The GBPCHF rate is telling investors how many Swiss Francs are needed to buy one British Pound. The Swiss Franc currency is considered by investors as a safe haven asset due to its history as a refuge for wealthy portfolios from global economic and geopolitical risks. Swiss Franc is mostly a stable currency with low volatility so the most critical currency in determining the GBPCHF exchange rate is the British Pound which moves as the British economy fundamentals change over time.
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The GBPCHF cross pair is one of the currencies on the FX dashboard that consolidated for most of the year. It finds it difficult to push over the 1.20 level, and if it does so, sellers step in, and the selling pressure mounts. But the horizontal consolidation on such a […]
The GBPCHF cross is responsible for one of the longest consolidation areas in 2020. For more than six months, the pair flirts with the 1.20 level. However, every time it attempted to break higher, it failed. The bounce from 2020 lows looks like a zigzag formation according to the Elliott […]
The GBPCHF is one of the currency pairs that consolidated the most in 2020. This is something new for a currency pairs known as having one of the biggest ATR (Average True Range) in the currency market. However, uncertainty related to Brexit, coupled with investors seeking safe-haven in the CHF, […]
Brexit negotiations send the GBPCHF on a rollercoaster but the bullish bias remains.
The GBPCHF cross broke higher out of a bullish flag consolidation and now threatens to move above 1.20. As we get closer to the end of the month, the GBP benefits from hawkish rhetoric from the Bank of England regarding negative rates implementation. Bank of England Talks Down Negative Rates […]
The GBPCHF pair bounced from recent lows near 1.1300 recently but the move may be running out of steam and the pound is facing many risks in the weeks ahead. In a few weeks time the U.K. and the EU need to have an agreement on Brexit or it will […]
The GBPCHF cross was one of the weakest ones recently. The CHF’s appreciation came in the context of extreme weakness from the British pound. Once again, uncertainty from the Brexit negotiations process weighed on the pound. The 1.20 seems crucial for the GBPCHF cross. So far, in 2020 the pair […]
Bullish triangle on the GBPCHF cross points to higher values.
The GBPCHF pair has suffered heavily in recent days after Boris Johnson’s threat to walk away from Brexit talks. The price has bounced in the last two days but further losses could be ahead.