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Pound-Swiss Franc Rate Meets Major Trendline as Uptrend Starts to Take Root

  • Written by Joaquin Monfort

Swiss Franc exchange rates

If GBP/CHF can successfully break above the trendline it will open the way higher and suggest a much more bullish outlook, yet, in truth, some major obstacles lie in the way, and the bullish forecast is conditional on a break clearly above them.

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Pound Poised to Outperform Swiss Franc Near-Term

  • Written by Joaquin Monfort

Swiss Franc

GBP/CHF is trading with a marginally bullish bias at the moment, and technical studies are suggesting a preference for the Pound to rise further versus the Franc although the impending vote on Theresa May’s Brexit deal, and more importantly the aftermath, could shift the dial.

Read more: Pound Poised to Outperform Swiss Franc Near-Term