GBP/CHF retreats from 6-month highs after Super Thursday

FXStreet (Córdoba) – The pound is among the worst performers on Thursday after the release of minutes and the Inflation Report from the Bank of England that signaled that a rate hike is not going to happen soon.

GBP/CHF rose to 1.5365 before BoE events reaching the strongest level since January 15 but then turned dramatically to the downside. On American hours continues to slide and printed a fresh daily low at 1.5197. Currently is hovering around 1.5200, holding a bearish tone, trading more than 150 pips below daily highs.

GBP/CHF technical outlook

To the downside support level might lie at 1.5180 (July 30 high), 1.5140 (August 3 high) and 1.5100. On the upside, resistance level might now lie at 1.5250, 1.5295 and 1.5325/30.

The pound is among the worst performers on Thursday after the release of minutes and the Inflation Report from the Bank of England that signaled that a rate hike is not going to happen soon.

(Market News Provided by FXstreet)