There is a good possibility is that GBP may strengthen against CHF in the short term, primarily due to Switzerland's comparatively low-interest rates and high inflation. The Swiss National Bank (SNB) is expected to discuss monetary tightening as a means of combating inflation, which could even result in a sudden rate hike. As such, it could potentially signal a prime opportunity to sell above $1.2000. However, it's crucial to conduct a thorough analysis of all available indicators, including fundamental and technical factors to make a more informed and well-rounded trading decision.