18 Feb 2015
GBP/CHF soars to fresh post SNB highs
FXStreet (Córdoba) - The pound jumped across the board after the release of the UK employment report and also after Bank of England’s minutes and pushed GBP/CHF toward 1.4500. The pair printed a fresh post SNB turmoil high at 1.4498.
Currently trades at 1.4487, up more than a hundred pips for the day, headed toward the sixth daily gain out of the last seven trading days.
Before the jobs numbers and the minutes, GBP/CHF was trading at 1.4405, at 1-month highs supported by a decline of the Swiss franc, that so far is among the worst performer in the currency market on Wednesday. After the reports the pair jumped 90 pips, then made a modest pullback and still holds bullish momentum as traders now await US data and FOMC minutes.
Currently trades at 1.4487, up more than a hundred pips for the day, headed toward the sixth daily gain out of the last seven trading days.
Before the jobs numbers and the minutes, GBP/CHF was trading at 1.4405, at 1-month highs supported by a decline of the Swiss franc, that so far is among the worst performer in the currency market on Wednesday. After the reports the pair jumped 90 pips, then made a modest pullback and still holds bullish momentum as traders now await US data and FOMC minutes.