21 Jul 2015
GBP/CHF flirts with 1.5 handle
FXStreet (Mumbai) - The GBP/CHF pair is trading around 1.5 handle, ahead of the BOE minutes, which are expected to show a unanimous vote in favour of maintaining interest rates at record lows.
GBP strong against low yielding currencies
The GBP has strengthened sharply against the low yielding European currencies on increased expectations of a rate hike in the UK. Last week’s hawkish comments from Carney, accompanied by falling Greek uncertainty ensured the Swiss Franc tanked against the Pound.
Ahead in the day, the pair could witness increase volatility after the release of the BOE minutes, which are expected to show a unanimous vote in favour of maintaining interest rates at record lows.
GBP/CHF Technical Levels
The immediate resistance is seen at 1.5019, followed by another hurdle at 1.5039 (July 20 high). On the other hand, a break below immediate support at 1.4995 (hourly 50-MA) could push the pair lower to 1.4945 (hourly 100-MA).
GBP strong against low yielding currencies
The GBP has strengthened sharply against the low yielding European currencies on increased expectations of a rate hike in the UK. Last week’s hawkish comments from Carney, accompanied by falling Greek uncertainty ensured the Swiss Franc tanked against the Pound.
Ahead in the day, the pair could witness increase volatility after the release of the BOE minutes, which are expected to show a unanimous vote in favour of maintaining interest rates at record lows.
GBP/CHF Technical Levels
The immediate resistance is seen at 1.5019, followed by another hurdle at 1.5039 (July 20 high). On the other hand, a break below immediate support at 1.4995 (hourly 50-MA) could push the pair lower to 1.4945 (hourly 100-MA).