Swiss Franc up Overall As Pound Stays Mildly Down on Brexit Woes

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

In relatively quiet markets today, the Swiss Franc rises sharply. The Canadian Dollar is the second strongest currency, followed by the US Dollar, though both currencies are trading within yesterday’s ranges.

Sterling is currently the currency with the weakest performance, followed by the New Zealand Dollar and finally the Yen. However, the selling in both is far from apparent. In other markets, Gold makes a second effort at the 1900 handle but fails to hold it. WTI crude oil is trading lower, with a target of 68.

The safe-haven CHF benefited from a milder risk tone, which put some pressure on the major. On Tuesday, the USD/CHF fell for the third day in a row, hitting one-week lows. The pair saw some selling, extending its recent slide from levels just above the mid-0.9000s, or three-week highs reached last Friday. This was the third day in a downward trend, which was fueled by the general sense of caution, which favors the safe-haven Swiss franc. However, slight US dollar growth could help limit the USD/CHF pair’s downside.

During the early North American session, the GBP/USD pair maintained its offered tone and was last seen trading around mid-1.4100s, a few pips above daily swing lows. The pair managed to establish on its gains from the previous two trading sessions, as it began retreating from the 1.4200 round-figure line once more. The downtick, which was fueled by several reasons, drove the GBP/USD pair to reverse the previous day’s upward trend.

Swiss Franc Will Remain Attractive – Swiss Finance Ministry

After the Group of Seven (G7) nations signed a groundbreaking agreement to support a minimum worldwide corporate tax rate of at least 15%, Switzerland’s Finance Minister stated in a statement on Monday that the country and swiss franc will likely remain attractive to industry.

“For Switzerland, the focus is on an overall package of competitive framework conditions for locating its own business.” “In any case, Switzerland will take the necessary steps to continue to be a very attractive place to do business.” Earlier in May, the consumer price index in Switzerland rose 0.6% y / y against 0.3% in April.

In the American session, the weakening of the US currency kept USD/CHF jittery. For the previous three weeks, the pair has been trading in a narrow range of 0.8950-0.9000. The USD/CHF currency pair is currently trading at 0.8970, down 0.05 percent on the day.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *