The Swiss Franc's decline is picking up speed as a combination of benign trader positioning and a more optimistic market outlook weigh on the traditional safe-haven.
Read more: Swiss Franc Tipped to Weaken on 'Good News'; GBP/CHF Nears 200-day MA, Outlook Remains Constructive
The Pound is forecast to continue its climb versus the Swiss Franc after forming a high probability continuation pattern on the daily chart.
Read more: Pound-Swiss Franc Rate Forms High Probability Continuation Pattern and Targets 1.3155
GBP/CHF is pausing after breaking above a major trendline and could be subject to a short-term pull-back before more gains but strong bullish momentum supports a new uptrend medium-term.
Read more: Pound-Swiss Franc X-Rate Reaches Upside Target Increasing Chance of a Pull-Back
Possible change in risk appetite signalled by Turkey's Lira and the Swiss Franc could be one of the biggest losers if sentiment improves.
Read more: Swiss franc Poised for More Losses against Dollar, Pound as Risk Environment Changes
GBP/CHF is technically poised for a breakout higher and resistance located at 1.28 provides the next target. The SNB meeting meanwhile dominates CHF calendar this week.
Read more: Pound-Swiss Franc Rate seen Advancing Near-Term, 1.28 a Potential Target