* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The GBP/CHF currency combination is heavily impacted by the correlation of the two most important and affluent economies: the United Kingdom and Switzerland.
In recent times, the value of the Swiss franc has been heavily impacted by its internal devaluation policy, whilst the value of the pound has soared. Although this has increased the pairing’s volatility, it has also provided some wonderful opportunities to open positions.
This pair also tends to fluctuate around a 100-day simple moving average. The best time for active GBP/CHF trading is when the American and European sessions overlap from 8:00 EST to 11:00 EST. The average daily range is 160 points.
Note that Fibonacci lines and a slow Stochastic will also able to reveal potential reversal points. Also, they are a great way to determine price levels in the medium and long term. The Bank of England representatives comments, as well as the interest rates changes and political statements can significantly affect the quotes.
If you are interested in trading the GBP/CHF currency pair, contact FxPro today.