8 May 2014
GBP/CHF rebounds and jumps to 11-week highs
FXStreet (Córdoba) - The GBP/CHF is rising for the third day in a row and headed toward the highest daily close in almost three month. The pair peaked during the American session at 1.4914 but then retreated slightly and currently trades at 1.4890, up 0.25% for the day.
GBP/CHF from 3-low to 2-month highs
After the decision of the Bank of England and the European Central Bank to leave rates unchanged the pair dropped to 1.4763 reaching the lowest price since April 17 but then during Draghi’s press conference, bounced sharply to the upside.
From the lows the GBP/CHF jumped 150 pips, reaching levels on top of 1.4900. So far it was unable to hold above, but remains trading near that mark, consolidating important gains.
GBP/CHF from 3-low to 2-month highs
After the decision of the Bank of England and the European Central Bank to leave rates unchanged the pair dropped to 1.4763 reaching the lowest price since April 17 but then during Draghi’s press conference, bounced sharply to the upside.
From the lows the GBP/CHF jumped 150 pips, reaching levels on top of 1.4900. So far it was unable to hold above, but remains trading near that mark, consolidating important gains.