The exchange rate of the British pound to the Swiss franc on Forex
GBPCHF is a trading instrument, which consists of the pound sterling as the base currency and the Swiss franc as the quoted currency. Due to the high volatility, GBPCHF pair is quite sensitive to political news and economic data releases. The biggest impact on the movement of the pair is asserted by such macroeconomic indicators of the UK and Switzerland as interest rate changes, inflation rate, GDP dynamics, consumer price index, labor market and KOF leading indicators index. However, when performing fundamental analysis, one should pay attention to the basic indicators of the US economy, as the US dollar has a significant impact on both components of the currency pair.
When trading GBPCHF, consider that the greatest movement range of the pair (up to 400 points) is observed during the European session, while in the American and Asian sessions the activity of this trading instrument is minimal and rarely goes beyond the range of 100 points. It is believed that GBPCHF often moves synchronously with EURCHF: similar extremes can be observed, especially in the long term.
The current cross rate of the British pound sterling to the Swiss franc on Forex is presented in the current chart of GBP/CHF quotations below.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.