The GBP/CHF rate has built on gains made after Theresa May's leadership win this Thursday, aided by a negative diagnosis on the Franc from the Swiss National Bank (SNB), but this upward move may not be sustained.
Read more: GBP/CHF Extends May's Victory Bounce after SNB Raises Red Flags
The Pound weakened at the start of the new week and the Franc was a little higher, leaving the GBP/CHF rate with a downward bias that is likely to remain in place over the coming days.
Read more: GBP/CHF in the Week Ahead: Trading with a Bearish Bias as Downtrend Remains in Force
GBP/CHF rebound has come on the back of a cheaper Swiss Franc after Swiss GDP unexpectedly fell by -0.2% in the third quarter.
Read more: Swiss Franc's Run Higher Against the Pound Dented by GDP Shocker
The Pound-to-Swiss Franc exchange rate is falling steeply due to increased Brexit uncertainty and our technical view of the exchange rate's charts suggest the downtrend will probably extend now that a key support level has given way.
Read more: Pound Slips into Negative Trend vs. Swiss Franc
The GBP/CHF rate gapped downward at the start of the new trading week following some negative Brexit headlines over the weekend, but the uptrend in the pair likely remains intact.
Read more: GBP/CHF: Uptrend Likely to Resume after Earlier Setback