Chart - Courtesy Trading View
GBP/CHF was trading 0.04% lower on the day at 1.1185 at around 12:00 GMT.
The British pound little impressed on upbeat UK inflation data, the pair capped below 21-EMA.
UK inflation numbers released during early Wednesday showed strong uptick during October.
UK Consumer Price Index (CPI) rose to 11.1% YoY versus 10.7% expected and 10.1% prior whereas the Core CPI reprinted the 6.5% mark versus the forecasts of 6.4%.
Markets stayed on a cautious footing amid rising geopolitical risks as concerns loomed over a Russian missile attack on Poland.
However, risk aversion ebbed slightly after news shared by the Associated Press (AP) quoted an anonymous US official’s findings that the missile may have been fired by Ukraine.
Major trend in the pair is bearish. Recovery attempts failed to extend break above 110-EMA.
Daily cloud is strong support. Decisive break below will plummet prices further. Scope for test of yearly lows at 1.0156.
