13 Feb 2015
GBP/CHF hits 4-week highs
FXStreet (Córdoba) - The pound gained momentum against the Swiss franc during the American session and rose to test yesterday’s highs that lie around 1.4350. Recently, the Swissy weakened across the board and pushed GBP/CHF to 1.4368 reaching the strongest level since January 15, when the Swiss National Bank abandoned the EUR/CHF peg.
The pair is gaining ground for the fourth day in a row as it continues to recover after falling dramatically last month. Since January 18, GBP/CHF has risen 1350 pips and is headed toward the fourth weekly gain in a row.
So far, among majors, the Swiss franc is the worst performer during the week while the pound is consolidating gains in the currency market, boosted by the Bank of England’s Inflation Report and United Kingdom economic data.
The pair is gaining ground for the fourth day in a row as it continues to recover after falling dramatically last month. Since January 18, GBP/CHF has risen 1350 pips and is headed toward the fourth weekly gain in a row.
So far, among majors, the Swiss franc is the worst performer during the week while the pound is consolidating gains in the currency market, boosted by the Bank of England’s Inflation Report and United Kingdom economic data.