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13 May 2015
GBP/CHF retreats from 2-week highs
FXStreet (Córdoba) - The pound is falling for the first time in a week again the Swiss franc, retreating after rallying almost 800 pips over the last five days. GBP/CHF dropped below 1.4500 and found support at 1.4408. During the last hours it has been hovering around 1.4420/30.
GBP weak after BoE Inflation report
After several days of rising across the board, the pound was the worst among European currencies weakened by Bank of England's Inflation Report. GBP/CHF peaked during the European session at 1.4606, reaching the strongest level since April 29 following UK employment data. With Carney’s presentation pulled back and on American hours bottomed above 1.4400.
GBP/CHF levels to watch
To the downside the area around 1.4400 and 1.4410 is the immediate support level to consider, followed by 1.4320/25 (Apr 11 low) and 1.4280. On the bullish side, resistance lies at 1.4450, 1.4515 and 1.4555.
GBP weak after BoE Inflation report
After several days of rising across the board, the pound was the worst among European currencies weakened by Bank of England's Inflation Report. GBP/CHF peaked during the European session at 1.4606, reaching the strongest level since April 29 following UK employment data. With Carney’s presentation pulled back and on American hours bottomed above 1.4400.
GBP/CHF levels to watch
To the downside the area around 1.4400 and 1.4410 is the immediate support level to consider, followed by 1.4320/25 (Apr 11 low) and 1.4280. On the bullish side, resistance lies at 1.4450, 1.4515 and 1.4555.