GBP/CHF chart - Trading View
GBP/CHF caught fresh bids, spiked past 1.27 handle as the British pound remains buoyed on hawkish comments from BoE's Haldane.
The pair pared most of the previous session's losses and edged higher to trade 0.18% higher on the day at around 07:45 GMT.
GBP bulls shrug off the Brexit deadlock and uncertainty over the UK reopening, and gained across the board after BOE’s Haldane hints at tapering.
Bank of England (BOE) Chief Economist Andy Haldane said that the "UK economy is going gang-busters" and, therefore, the central bank “may need to start turning off the stimulus tap.”
The pair has been extending sideways grind since April 2021 and major and minor trend in the pair has turned neutral.
Price action is consolidating above 200W MA and weakness only on retrace below. Cloud is stiff resistance, breakout above will fuel further gains in the pair.
