GBPCHF

GBP/CHF Forecast Fundamental Analysis | British Pound / Swiss Franc

Source: PaxForex Premium Analytics Portal, Fundamental Insight

GBPCHF Fundamental Analysis – January 3rd 2020

GBPCHF Fundamental Analysis – August 15th 2019

After the UK economy posted an unexpected contraction in the second-quarter and the labor market surprised to the upside, forex traders will get key retail sales data this morning. Economists predict a contraction, but with the British Pound in extreme oversold conditions, will retail sales ignite a counter-trend short-covering rally? Momentum in the GBPCHF has been building up as this currency pair reached the upper band of its horizontal support area, will this level hold and can bulls force a march to the upside?

GBPCHF Fundamental Analysis – July 29th 2019

UK Prime Minister Boris Johnson will start his first full week and is expected to further prepare the country for a no-deal Brexit. He told Brussels that unless the Irish backstop is removed, there will be no deal acceptable to the UK. Forex traders are in a holding pattern as the British Pound hovers at strong support levels. The GBPCHF is ripe for a short-term spike and with light economic data ahead, can bulls force a short-covering rally? Today’s fundamental analysis will take a look at the upside potential in this currency pair.

GBPCHF Fundamental Analysis – June 17th 2019

Forex traders will get a light economic calendar to start the new trading week and many may await the US Fed announcement this Wednesday. While no change in interest rates is expected, the announcement could see some significant changes in the text in order to communicate an interest rate cut as the economy is struggling with the Trump administration’s trade war with China.