China’s Growth Faces Structural Challenges Amid Doubts Over Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
FxWirePro-Major European Indices 
China's Refining Industry Faces Major Shakeup Amid Challenges 
GBP/CHF chart on Trading View used for analysis
- GBP/CHF bounced off major trendline support and is trading 0.94 higher at 1.2516 at the time of writing.
- Sterling jumps across the board after Germany'S Merkel says still hope we can get an orderly Brexit.
- UK PM May faces a leadership challenge and is set to win according to political analysts. She also said that if she loses, Brexit may be delayed.
- May said that general election at this point in time would not be in national interest.
- She was further noted saying that the UK wants EU nationals to stay after Brexit and also ruled out a second referendum on Brexit.
- Volatility to continue as Sterling action remains driven by Brexit headlines.
- Immediate resistance seen at 5-DMA at 1.2529. Major support seen at trendline at 1.2375.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
