The GBP/CHF traded on a sideways bias in the early European session on Monday, despite heavy demand for the Pound over the past few days. The British Pound is currently finding strong support from the recent Bank of England statement. On Thursday, the BoE’s Monetary Policy Committee (MPC) announced that it would leave its interest […]
GBP/CHF resumed its bullish momentum in the early European session, as the GBP picks up demand and market mood soars. Meanwhile, the pound is likely to gain more traction as the European Union holds off from putting the UK on the export restriction list. President of the EU Ursula Von Der Leyen’s recent comment about […]
The GBP/CHF traded on a sideways momentum in the mid-European session on Monday and was last spotted trading at 1.2128, as the pound came under renewed pressure. One of the major factors weighing the pound down is the UK’s delay in distributing the second jab of the COVID-19 vaccine. The world’s leading nation in mass […]
Despite widespread expectations that the Coronavirus crisis in the UK will be depleted soon, the British Pound against the Swiss Franc (GBP/CHF) continues to slide. As expected, the prevailing risk-off mood is benefiting the safe-haven CHF against other currencies. Meanwhile, Britain has seen its coronavirus case-count maintain an upward trajectory since December, despite three national […]
GBP/CHF traded on a sideways momentum in the mid-European session, as the Coronavirus situation in the UK worsens and the prevailing risk sentiment undermines demand for the CHF. The ramping up of the vaccine campaign in Britain and additional stimulus measures could cause the Pound to slide even further. Meanwhile, support for the GBP could […]
