21 Jan 2015
GBP/CHF falls further after BoE minutes
FXStreet (Córdoba) - GBP/CHF fell sharply to fresh 2-day lows as the pound weakened following the release of the Bank of England last meeting minutes.
Minutes showed all nine members of the MPC voted to keep interest rate unchanged amid low inflation concerns, a shift from previous meeting where Weale and McCafferty voted for a rate hike. Meanwhile, data showed UK unemployment rate fell to 5.8% in the 3 months to November, its lowest level since Aug 2008.
GBP/CHF that was already on decline, fell further and hit a 2-day low of 1.3068 following the surprise two BoE members dropping their calls for higher rates. At time of writing, the pair is trading at 1.3080, recording a 1.29% loss on the day, having hit a daily high of 1.3297.
GBP/CHF scored a low of 1.1320 last Thursday when the SNB shocked markets by announcing a suppressive remove of the EUR/CHF floor.
Minutes showed all nine members of the MPC voted to keep interest rate unchanged amid low inflation concerns, a shift from previous meeting where Weale and McCafferty voted for a rate hike. Meanwhile, data showed UK unemployment rate fell to 5.8% in the 3 months to November, its lowest level since Aug 2008.
GBP/CHF that was already on decline, fell further and hit a 2-day low of 1.3068 following the surprise two BoE members dropping their calls for higher rates. At time of writing, the pair is trading at 1.3080, recording a 1.29% loss on the day, having hit a daily high of 1.3297.
GBP/CHF scored a low of 1.1320 last Thursday when the SNB shocked markets by announcing a suppressive remove of the EUR/CHF floor.