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GBP/CHF finds support at 1.5010 and rebounds

FXStreet (Córdoba) - The pound is having the best day since the beginning of the month against the Swiss franc and is rising for the first time since last Tuesday.

GBP/CHF printed a fresh daily high at 1.5101 but failed to rally above 1.5100 and pulled back. At the moment of writing the pair was trading at 1.5091/95, up 0.42% from today’s opening price.

GBP/CHF consolidates after sharp decline

Last week the pair dropped sharply and posted the lowest weekly close since June. The pair traded momentarily above 1.5400 before plummeting after the release of the Bank of England’s Quarterly Inflation report. In three days lost 300 pips, finding support slightly above 1.5000; from where it bounced today.

EUR/JPY testing the downside, with limited upside

EUR/JPY is trading at 145.04, down -0.43% on the day, having posted a daily high at 146.56 and low at 144.79.
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