17 Feb 2015
GBP/CHF hits post SNB highs
FXStreet (Mumbai) - The GBP/CHF hit a post SNB high of 1.4367 levels today before inching slightly lower to trade at 1.4333 ahead of the UK inflation data.
Markets await UK CPI and SNB President speech
The pair is likely to be influenced by the UK January month CPI figure due for release today. The data is likely to show price pressures fell 0.8% on the month, while on the year, the CPI is seen slowing down to 0.4%.
Further cues could come from the Swiss National Bank President Thomas Jordan speech at the Universite libre de Bruxelles on “Switzerland at the heart of Europe. The Swiss Franc pair could see some movement if the president comments on monetary policy tools and the exchange rate.
GBP/CHF Technical Levels
The immediate resistance is seen at 1.4367, above which the pair could test 1.4467 (50-DMA). On the flip side, support is seen at 1.4271 and 1.4220 (10-DMA) levels.
Markets await UK CPI and SNB President speech
The pair is likely to be influenced by the UK January month CPI figure due for release today. The data is likely to show price pressures fell 0.8% on the month, while on the year, the CPI is seen slowing down to 0.4%.
Further cues could come from the Swiss National Bank President Thomas Jordan speech at the Universite libre de Bruxelles on “Switzerland at the heart of Europe. The Swiss Franc pair could see some movement if the president comments on monetary policy tools and the exchange rate.
GBP/CHF Technical Levels
The immediate resistance is seen at 1.4367, above which the pair could test 1.4467 (50-DMA). On the flip side, support is seen at 1.4271 and 1.4220 (10-DMA) levels.