Pound outlook vs. Swiss Franc: Analysis suggests the Pound can go higher near-term but gains would likely be limited to the next week or two.
Read more: Pound-Franc Outlook: Short-Term Still Strong, Longer-Term Less Assured
Concerning the outlook for GBP/CHF, we are overall bearish from a technical perspective in the short-term conditional upon a break below 1.3000 initially, but then also 1.2850 after.
Read more: Pound 'Topping' vs. Swiss Franc, but Longer-Term Outlook Remains Constructive
The Pound-to-Franc rate was trading around 1.3138 Thursday after after having fallen 1.5% in the week before. It is slightly up this week after Brexit risks eased due to the increasing chances of a longer delay to the Brexit process, an eventual customs union or even a second referendum.
Read more: Pound-to-Franc Rate Uptrend Still Intact, Poised for Further Gains
The USD/CHF rate rebounded from earlier losses during the latter half of this week, posing the question of whether a more sustained recovery this month's losses could be on the horizon, although at least one analyst says it won't be long before the exchange rate resumes its earlier decline.
Read more: This USD/CHF Rebound is just Another Chance to Sell says Hantec's Perry
The GBP/CHF rate was trading around 1.3260 Tuesday after having fallen -0.3% so far this week, although the exchange rate could be steeling itself for a leg higher following the completion of a double-bottom patter on the charts.
Read more: GBP/CHF Rate Poised for More Gains after Double-bottom Pattern Completes