The rates continue within the upward trend, which became possible due to the temporary solution of the crisis situation with Brexit. However, the delay only postpones for 6 months the inevitable exit of the United Kingdom from the EU. The only question is what the conditions of that divorce are going to be. Despite the fears of investors, Brexit's effect on the British economy is not as negative as expected. Business activity is declining, but the same is also happening across the EU. Individual macroeconomic reports periodically exceed investors' expectations and support the value of the GBP. At the same time, the value of the pound may be negatively affected by factors such as the uncertain situation with Brexit and the economic downturn in the EU.
The Swiss franc in April was one of the weakest currencies amid a high demand for risky assets. At the same time, the franc loses its appeal as a safe asset. Given the economic situation in the EU, investors prefer the Japanese yen or Gold if they're looking for a safe asset.
The current week is very calm for this currency pair. Macroeconomic reports that could have a significat impact on the GBP/CHF are not expected. The situation with Brexit will also not be solved in the near future, but so far investors are most concerned about the economic situation in the UK, Switzerland and the EU as a whole to assess the effectiveness of investments in the appropriate currencies. We suppose that at the moment the most effective would be the deals on the trend - to Buy, given the stable demand for risky assets, as well as signals of most indicators of technical analysis, including the Stochastic oscillator, which shows the rates in the oversold zone and the resumption of an upward movement in the near future.
