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GBP/CHF chart - Trading View
GBP/CHF was trading 0.48% higher on the day at 1.2038 at around 09:55 GMT.
The pair is extending gains for the second straight session, the British pound largely unfazed by poor UK Preliminary Manufacturing and Services PMIs.
The flash version of the UK Manufacturing PMI plunged to 32.9 for April and the gauge for the services sector came in at 12.3.
Data further illustrated the extent of economic damage from the coronavirus pandemic, but did little to keep the GBP bulls at bay as poor data was likely priced-in.
Price action is currently testing immediate resistance at 200H MA at 1.2050 and is attempting break above daily cloud.
Volatility is extremely low. Breakout above cloud with rise in volatility could see further upside.
