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Thinking of trading GBPCHF?

    1. Even though the UK's bilateral trade with the EU is worth more than 500B GBP, the Anglo-Swiss trade amounts to around 32B GBP, this makes of the currency a worth one to have in your portfolio. 2. The GBP/CHF lack coincidental events between both its currencies. Both countries have very different monetary policy make and also do not tend to align with each other. This gives global traders completely different economic indicators to have in mind, making this pair slightly less complicated than others.
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Swiss franc is a very special currency to trade. It is considered the most inflation-proof currency. Switzerland was the last advanced country to tie the amount of currency issued to the country's gold reserves levels. Link the British monetary policy, both countries have a very low-interest rate, with one major difference, UK's rate is positive while Switzerland's interest rate is a negative 0.75%. This is due to the fact that Switzerland is a major exporter player and needs to keep their interest rate as low as possible, in order for its products to be competitive enough when priced in local currency. This is so important that after January 2015, when due to market pressure the franc was unpegged to the euro, the currency's price soared in value which put the country's exporters in a difficult situation. In July 2016, UK's vote to leave the EU saw the GBPs value against the franc tumple from 1.46 to a low of 1.19. It is currently trading slightly over that low point, at 1.2725.

1. Unlike the BoE (Bank of England), which has not been active in the foreign markets for domestic policy in over 25 years, the SNB tends to conduct wide-scale operations in the currency markets in order to try and hold down the CHF's value. This is something to keep in mind when trading this pair, as unexpected moves could be the result of the SNBs monetary policies or trade games. 2. Traders should also keep an eye on the consumer price index and the KOF indicator, which may give you an idea about the future direction of the Swiss economy. 3. Last but not least, the political turmoil in the UK can influence heavily on the GBP price, pushing the pair either direction depending on market sentiment and political events. It is important for traders to not lose sight of any news regarding the Brexit.