FXTimes (press release) (registration) - 22 hours ago
The British Pound traded higher vs the Swiss franc, and the daily chart of GBPCHF looks bullish. The pair is currently trading near the 200-day simple moving average, which buyers must break in order to ignite more gains.
The British Pound nudged higher versus other major currencies (at the time this report was written) after today's Preliminary 1Q'16 Gross Domestic Product (GDP) figures showed the UK's economy grew slightly better than expected.
Therefore whilst the establishment press has been continuously pumping out the false stories of a plunging currency on BrExit fears, instead the reality has been one of the British Pound rising on BrExit hopes! And given the upward trend trajectory the ...