GBP/CHF drops toward 1.5200

FXStreet (Córdoba) - GBP/CHF was moving with a downside bias on Tuesday but accelerated after the release of economic data from the United Kingdom. Recently bottomed at 1.5205, reaching the lowest price since last Friday.

The pair remains nera daily lows, trading below 1.5230, the level it had at the beginning of the week after erasing yesterday’s gains. During the Asian session the area around 1.5285 capped the upside.

According to the Office for National Statistics (ONS) , industrial production declined 0.1% in October, analysts were expecting a modest increase.