The GBP to CHF exchange rate is currently range-bound.
The key drivers include the interest rate differential, as the Bank of England has signaled a cautious stance on future rate cuts, while the Swiss National Bank recently reduced rates to manage inflation and the franc's strength. Additionally, UK economic growth is projected to slow, which could weigh on the pound.
In the near term, GBP/CHF is expected to trade within a stable range, reflecting recent movements around 14-day highs.
An upside risk may come from stronger UK retail sales data, which could bolster the pound, while a downside risk includes continued pressure from global economic conditions or the potential for deeper negative interest rate policies in Switzerland. The recent imposition of tariffs by the U.S. may also dampen Swiss economic prospects, affecting the franc.