{"id":150830,"date":"2019-07-03T10:45:55","date_gmt":"2019-07-03T14:45:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150830"},"modified":"2019-07-03T06:58:38","modified_gmt":"2019-07-03T10:58:38","slug":"gbpchf-analysis-getting-ready-for-the-publication-of-statistics","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/gbpchf-analysis-getting-ready-for-the-publication-of-statistics\/","title":{"rendered":"GBPCHF Analysis: Getting ready for the publication of statistics"},"content":{"rendered":"
July 3, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Getting ready for the publication of statistics<\/strong><\/p>\n

Weak macroeconomic statistics was published in Switzerland. The British authorities are going to take measures to stimulate the economy. Wil the GBPCHF quotations <\/a> grow?<\/p><\/blockquote>\n

Such a movement is observed when the British pound strengthens against the Swiss franc. Manufacturing PMI Industrial Business Index in Switzerland dropped in June to 47.7 points, which is the lowest since September 2015. Retail sales in May fell by 1.7% in annual terms. They are showing a continuous decline since last October. Swiss National Bank confirmed its determination to maintain a negative interest rate (-0.75%). The Bank of England is also concerned about signs of a slowdown in the already British economy. At the same time, along with the usual rate cut, it is considering options for economic incentives through tax cuts and government spending. It can support the pound. Note that the rate of the Bank of England is positive and is 0.75%. On Thursday, July 4, significant inflation data for June will be released in Switzerland. In the UK, an important block of statistics will be published next week.<\/p>\n

\"GBPCHF\"<\/p>\n

On the daily timeframe GBPCHF: D1<\/b> has reached the bottom of a wide, long-term neutral range, has pulled out of a downtrend and is trying to adjust upwards. Various technical analysis indicators have generated an uptrend signals. Further growth of quotations is possible in case of publication of positive macroeconomic indicators in the UK and negative ones in Switzerland.<\/p>\n