Wednesday, September 9, 2015

GBP/CHF having best day since June

FXStreet (Córdoba) - The pound is having so far the biggest daily gain versus the Swiss franc since May. GBP/CHF is rising more than 250 pips from the level it had yesterday and is about to post the highest close since August 19.

GBP/CHF breaks range and soars

Since late August GBP/CHF was moving within a trading range with support around 1.4700 and resistance at 1.4900. Today, boosted by a decline of the Swiss franc across the board, broke to the upside and jumped. It started to rally on Asian hours.

During the American session continued to raise as USD/CHF rose above 0.9800. It peaked at 1.5107 but then pulled back below 1.5100. Near the end of the US session it was trading at 1.5095/99, up 1.32% for the day.
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