The Pound-to-Franc exchange rate is trading at 1.3182 at the time of writing, and our technical studies suggest the pairs rapid 2019 ascent will struggle to extend in the short-term.
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A clear break above the March highs at 1.3423 could provide confirmation of a continuation up to a target at 1.3600 or higher, although this probably wouldn't happen inside of 1-3 months.
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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.
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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.
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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…
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