Chart - Courtesy Trading View
GBP/CHF was trading 0.34% higher on the day at 1.1156 at around 06:30 GMT.
The pair has snapped at downside spree, holds marginal gains despite weaker-than-expected UK economic data.
Data released earlier on Monday showed UK economy is expanded by 0.2% against a contraction of 0.6% reported earlier, lower than the consensus of 0.5%.
UK Industrial Production slipped to 1.1% vs. expectation of 2% and compared to the prior release of 2.4%.
Further, the Manufacturing Production data fell to 1.1%, lower than the expectations at 1.7% and below the prior release of 1.7% and 1.3% on an annual basis.
The British pound largely ignores downbeat economic data and is edging higher after UK chose Liz Truss for the next UK Prime Minister.
GBP/CHF remains on a major economic downtrend. 200H MA is immediate resistance at 1.1279, decisive break above will see more upside.
