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

• UK Public Sector Net Borrowing: UK Public Sector Net Borrowing for October was reported at £7.5B and UK Public Sector Net Borrowing excluding Banking Groups at £8.0B. Economists predicted a figure of £6.6B and £7.1B. Forex traders can compare this to UK Public Sector Net Borrowing for September which was reported at £4.4B and UK Public Sector Net Borrowing excluding Banking Groups which was reported at £5.0B. UK Public Finances for October were reported at -£3.8B and UK Central Government Borrowing at -£6.7B. Forex traders can compare this to UK Public Finances for September which was reported at £11.4B and to UK Central Government Borrowing which was reported at £19.3B.
• UK CBI Trends Total Orders and CBI Trends Selling Prices: UK CBI Trends Total Orders for November were reported at 17 and CBI Trends Selling Prices are predicted at 17. Forex traders can compare this to CBI Trends Total Orders for October which were reported at -2 and to CBI Trends Selling Prices which were reported at 18.

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

• Swiss Trade Balance: The Swiss Trade Balance for October was reported at CHF2.33B. Forex traders can compare this to the Swiss Trade Balance for September which was reported at CHF2.92B. Exports for October decreased by 1.8% monthly and Imports decreased by 1.1% monthly. Forex traders can compare this to Exports for September which decreased by 1.3% monthly and to Imports which decreased by 3.1% monthly.
• Swiss Money Supply M3: Swiss Money Supply M3 for October increased by 4.1% annualized. Forex traders can compare this to Swiss Money Supply M3 for September which increased by 4.3% annualized.

Should price action for the GBPCHF remain inside the or breakout above the 1.3150 to 1.3180 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 1.3165
• Take Profit Zone: 1.3325 – 1.3350
• Stop Loss Level: 1.31000

Should price action for the GBPCHF breakdown below 1.3150 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 1.3130
• Take Profit Zone: 1.295 – 1.3000
• Stop Loss Level: 1.3165

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.