The Pound/Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The Swiss Franc is considered a benchmark safe haven currency due to its history as a refuge for wealthy individuals from foreign shores looking to safe guard capital. In turn, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.
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Weekly British Pound and Swiss Franc Trading Forecast
|GBP/USD Needs Hawkish BoE Minutes, Upbeat 2Q GDP for Fresh Highs||bullish|
|Gold Posts 2% Weekly Loss- $1324 Key Resistance ahead of US CPI||neutral|