GBPCHF Fundamental Analysis – August 2nd 2018

Here are the key factors to keep in mind today for British Pound trades:

UK Markit/CIPS Construction PMI: The UK Markit/CIPS Construction PMI for July is predicted at 52.8. Forex traders can compare this to the UK Markit/CIPS Construction PMI for June which was reported at 53.1.
Bank of England Interest Rate Decision, Asset Purchase Target and Corporate Bond Target: The Bank of England is predicted to increase interest rates by 25 basis points to 0.75%, keep the Asset Purchase Target £435B and keep the Corporate Bond Target at £10B. Forex traders can compare this to the previous Bank of England meeting where the UK central bank decided to keep interest rates at 0.50%, the Asset Purchase Target £435B and the Corporate Bond Target at £10B.

Here are the key factors to keep in mind today for Swiss Franc trades:

Swiss SECO Consumer Confidence: Swiss SECO Consumer Confidence for the second-quarter was reported at -7. Economists predicted a figure of 2. Forex traders can compare this to Swiss SECO Consumer Confidence for the first-quarter which was reported at 2.
Swiss Retail Sales: Swiss Retail Sales for June are predicted flat at 0.0% annualized. Forex traders can compare this to Swiss Retail Sales for May which decreased by 0.1% annualized.
Swiss Manufacturing PMI: The Swiss Manufacturing PMI for July is predicted at 60.9. Forex traders can compare this to the Swiss Manufacturing PMI for June which was reported at 61.6.

Should price action for the GBPCHF remain inside the or breakout above the 1.2950 to 1.3070 zone the following trade set-up is recommended:

Should price action for the GBPCHF breakdown below 1.2950 the following trade set-up is recommended:

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