OctaFX | OctaFX Forex Broker
Open trading account

GBP/CHF drops 200 pips

FXStreet (Córdoba) - Cable dropped sharply against the Swiss franc on Tuesday for the second day in a row and reached the lowest price in four week. Since the beginning of the week GBP/CHF lost more than 200 pips.

The pair is trading at the lows, around 1.5166, at the lowest level since September 17, headed toward the lowest daily close in a month

GBP/CHF reversal

At the beginning of the month, the pair reached 1.5533, the highest price since 2011. Since then its moving with a downside bias, losing ground on eight out of the last ten trading days, retreating 360 pips from the highs, affected by weak data from the United Kingdom and risk aversion.

EUR/USD off lows, still vulnerable

EUR/USD retraced completely yesterday’s gains and fell more than a full cent throughout the European session on the back of disappointing Eurozone data releases. However, the pair found support at the low 1.26’s and is staging a mild recovery from lows.
Read more Previous

AUD/USD falls to test daily lows around 0.8715

After a shy bounce from 0.8715 to 0.8750, the AUD/USD found new selling interest around this level and now it is trading back to daily lows.
Read more Next
Start livechat