GBPCHF is a European cross pair. The British pound acts as the base currency, while the Swiss franc is the quote one.
The British pound (GBP) is the official currency of the United Kingdom of Great Britain and Northern Ireland and one of the world's major reserve currencies. The pound sterling is also accepted as legal tender in the Crown Dependencies and Overseas Territories. The UK economy is mainly focused on the service sector and industry. The UK's main trading partners are the EU and the US.
The Swiss franc (CHF) is the official currency and legal tender in Switzerland, Liechtenstein and Campione d'Italia. The currency is considered a safe-haven asset due to the stability of the Swiss government and financial system. Despite the small territory and not too abundant mineral resources, the country's economy is considered one of the most developed and stable.
The GBPCHF pair is quite sensitive to the release of political news and economic data. The greatest influence on the movement of the chart of the trading instrument is exerted by such macroeconomic indicators of the UK and Switzerland as interest rate changes, inflation rate, GDP dynamics, consumer price index, labor market data and the KOF index of leading indicators. In addition, when conducting a fundamental analysis of the pair, pay attention to the main indicators of the US economy, since the US dollar has a significant impact on both currencies of the pair.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
