4 Aug 2015
GBP/CHF rises to 6-month highs
FXStreet (Córdoba) - The pound is the best performer among European currencies on Tuesday, ahead of key economic events and reports. Against the Swiss franc it reached the strongest level since the Swiss National Bank abandoned the EUR/CHF floor.
GBP/CHF broke above 1.5180 and jumped to 1.5207. So far it has been unable to consolidate above 1.5200 but it is headed toward the highest daily close in six months and opening the doors for further gains.
GBP/CHF stronger ahead of Thursday
The short-term outlook is bullish for the pair as traders get ready for the busy Thursday, when the Bank of England will announce its decision on monetary policy and will release the minutes and the Inflation Report.
The pound is likely to be affected by the documents. A dovish message could pushed it further to the upside while a signals of a continuation of rates at ultra-low levels for a period longer than expected, could weakened it.
GBP/CHF broke above 1.5180 and jumped to 1.5207. So far it has been unable to consolidate above 1.5200 but it is headed toward the highest daily close in six months and opening the doors for further gains.
GBP/CHF stronger ahead of Thursday
The short-term outlook is bullish for the pair as traders get ready for the busy Thursday, when the Bank of England will announce its decision on monetary policy and will release the minutes and the Inflation Report.
The pound is likely to be affected by the documents. A dovish message could pushed it further to the upside while a signals of a continuation of rates at ultra-low levels for a period longer than expected, could weakened it.