GBPCHF Waiting SNB Interest Rate Decion

26 set

GBPCHF-Waiting SNB Interest Rate Decision


In some minutes the market will know the decision from SNB.
It's widely expected that SNB may cut rates by 25 bps.
Expected 1%vs 1.25%previous month We have seen many times that SNB's Governor doesn't like the situation of the current interest rates and probably they will continue to cut the rates also this time.

SNB is a strong economy and their inflation is already under control and taking in consideration also the actions take by other major economies the odds are higher that they may cut rates.

The bullish pattern we have on GBPCHF is showing for a bullish move indicating CHF weakness in the short term.

For more Details please refer to the chart!

Thanks and Good Luck!