The GBP/CHF pair traded slightly lower, retreating from the August 14, 2025 high. Wages remained relatively elevated alongside an annual inflation rate of 3.8% for the second consecutive reading, marking the highest level since January 2024. This keeps the Bank of England cautious regarding the pace of monetary easing.
Against the Franc, however, Sterling weakened as the Swiss currency maintained its strength, supported by safe-haven flows and a strong trade surplus. Despite interest rate cuts and interventions by the Swiss National Bank to curb currency strength, the Franc continues to show notable resilience.
Technical Outlook:
GBP/CHF is trading in a general downtrend, forming lower highs and lower lows, indicating bearish momentum. A rise toward 1.08117 increases the likelihood of another pullback to continue the downtrend and target 1.07462. However, if the price climbs above 1.08372 and posts a four-hour or daily close above this level, it would signal the end of the downtrend and a shift toward a bullish trend.
Against the Franc, however, Sterling weakened as the Swiss currency maintained its strength, supported by safe-haven flows and a strong trade surplus. Despite interest rate cuts and interventions by the Swiss National Bank to curb currency strength, the Franc continues to show notable resilience.
Technical Outlook:
GBP/CHF is trading in a general downtrend, forming lower highs and lower lows, indicating bearish momentum. A rise toward 1.08117 increases the likelihood of another pullback to continue the downtrend and target 1.07462. However, if the price climbs above 1.08372 and posts a four-hour or daily close above this level, it would signal the end of the downtrend and a shift toward a bullish trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.