Convert GBP to CHF - British pound sterling to Switzerland Franc Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE GBP/CHF EXCHANGE RATE
The GBP/CHF forex pair is the symbol for trading the Pound Sterling against the safe haven currency Swiss Franc, and trades two of the most popular currencies in the forex market against each other. The GBP, while one of the majors, has seen considerable volatility in recent years owing to Brexit-related uncertainties. On the other hand, the CHF as a safe haven currency makes gains at times of heightened geopolitical tensions, trade tensions and other uncertainties that impact the global economy at large.The GBP/CHF currency pair also experiences significant price action on the release of key economic data from the UK and Switzerland, including GDP, employment, inflation, retail sales, business confidence and trade balance. In addition, changes to the monetary policy and interest rates by the Bank of England (BOE) and the Swiss National Bank (SNB) can also drive fluctuations in the value of the GBP and the CHF respectively.As a safe haven currency pair, the GBP/CHF turns bearish in times of higher uncertainty in global markets, or whenever markets trade with a risk-off sentiment. On the other hand, whenever the risk-on sentiment in markets is strong, this currency pair trades bullish. Positive developments related to Brexit also give this pair a boost and make it trade bullish.
GBP to CHF CONVERSION RATES
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GBP to CHF CHARTS
GBP/CHF Live Chart
GBP/CHF Historical Chart
GBP to CHF EXCHANGE RATE - FAQ
How do Brexit-related developments impact the GBP/CHF currency pair?

Any developments surrounding Brexit have caused significant volatility in the GBP over the past few years. GBP/CHF especially sees a high amount of volatility as news on Brexit affects both the Pound Sterling and the safe haven Swiss Franc. Progress on Brexit drives strength in the GBP and weakens the safe haven appeal of the CHF, turning this pair extremely bullish, and vice versa.

Why is the Swiss Franc considered as a safe haven currency?

Traders turn to the CHF as a safe haven currency in times of heightened uncertainty in markets as Switzerland is known as a neutral nation that does not participate in geopolitical conflicts, and hence maintains stability in its economy even in times of crisis.

How safe is the GBP/CHF to trade for new, inexperienced forex traders?

The GBP/CHF currency pair is a cross currency pair with lower volatility as both currencies enjoy a close correlation with each other owing to their strong economic and geographical proximity. As a result, this currency pair is relatively safer and easier to trade even for inexperienced forex traders.