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27 Mar 2015
GBP/CHF rises to 1.4400
FXStreet (Córdoba) - GBP/CHF gains for the third day in a row as it continues to recover after plunging 1000 pips from March highs. Recently the pair reached fresh daily high above 1.4400.
GBP/CHF recovering on a stronger pound
The pair was boosted by a rally of the pound across the board, supported by comments made by Mark Carney, Bank of England’s governor, that said that next move by the central bank is likely to be a rate hike.
GBP/CHF broke above 1.4355 and jumped to 1.4405, reaching the strongest level since Tuesday. Currently is trading around 1.4385, consolidating gains but still almost 200 pips below the level it had a week ago.
GBP/CHF recovering on a stronger pound
The pair was boosted by a rally of the pound across the board, supported by comments made by Mark Carney, Bank of England’s governor, that said that next move by the central bank is likely to be a rate hike.
GBP/CHF broke above 1.4355 and jumped to 1.4405, reaching the strongest level since Tuesday. Currently is trading around 1.4385, consolidating gains but still almost 200 pips below the level it had a week ago.