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17 Apr 2015
GBP/CHF lower again, despite UK data
FXStreet (Córdoba) - The GBP/CHF pair is falling on Friday for the third trading day in a row and is headed toward the lowest daily close in two weeks.
Economic data from the United Kingdom showed a mix employment report, that boosted the pound in the market pushing GBP/CHF to 1.4340 but the pair lost strength and pulled back.
During the American session broke below 1.4270 and bottomed at 1.4225, the lowest level since April 6. Currently trades slightly above daily lows, a hundred pips below the level it had a week ago.
The Swiss franc is among the best performer in the currency market over the week and rose sharply particularly versus the US dollar and the yen.
Economic data from the United Kingdom showed a mix employment report, that boosted the pound in the market pushing GBP/CHF to 1.4340 but the pair lost strength and pulled back.
During the American session broke below 1.4270 and bottomed at 1.4225, the lowest level since April 6. Currently trades slightly above daily lows, a hundred pips below the level it had a week ago.
The Swiss franc is among the best performer in the currency market over the week and rose sharply particularly versus the US dollar and the yen.