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Market Mood GBPCHF 09.09.20

Market Mood GBPCHF 09.09.20

Market Mood GBPCHF 09.09.20

in Daily Forecasts

Listen to the latest market mood for the GBPCHF pair.

Weak GBP, Strong CHF

The GBP is weak after UK’s PM Johnson is set to introduce a new Internal Markets bill in the UK. This bill is reported to undermine the terms agreed in the withdrawal agreement signed by the UK in Jan 2020. The deadline for an agreement is October 15 and the negotiations are now stepping up with both sides digging in.

The CHF is strong as risk-off sentiment flows through the markets supporting the JPY and USD alongside CHF.

The GBPCHF pair has broken a key daily trend line and a 50 point move lower from 1.1899 could be on the table. Expect sellers at the market.

Trade Risks:

  • Positive progress in the UK trade deal with the EU.
  • SNB intervention to weaken the CHF.
  • Any positive sentiment which reverses the present risk-off mood.

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Legal Forms & Documents

Risk Warnings

Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

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