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Pound-Franc Rate Looking Poised to Break Higher

  • Written by Joaquin Monfort

Pound Franc

The Pound-Franc rate has broken above a key trendline drawn from the April 16 highs and is consolidating before a probable extension higher.

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Swiss Franc "Flash Crash" Still a Mystery to Traders but Strength Could Soon Draw SNB 

  • Written by James Skinner

The Swiss Franc sold off sharply during the overnight session in what has been described as "flash crash", which remains a mystery to traders, although the market is conscious that strength in the safe-haven currency's exchange rate could easily draw the Swiss National Bank into the fold during the coming weeks. 

Read more: Swiss Franc "Flash Crash" Still a Mystery to Traders but Strength Could Soon Draw SNB 

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.

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