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GBP/CHF chart - Trading View
GBP/CHF was trading 0.09% lower on the day at 1.2252 at around 09:20 GMT. The British pound was showing some weakness across the board.
At today's Interest Rate Decision the Bank of England (BoE) is set to leave its policy unchanged at 0.10% and to stay the course on its asset purchases.
Focus will be on Governor Andrew Bailey's comment on the BoE's review of negative interest rates, the outlook for the economy and Britain's successful vaccination campaign.
Data released on Thursday showed UK Markit Construction PMI for January missed expectations and slipped into contraction.
UK Markit Construction PMI fell to 49.2, missing forecasts at 52.9 and down from the previous month's reading of 54.6.
GBP/CHF finds rejection at 110W EMA. A Gravestone Doji formed on Wednesday's candle dents upside.
200H MA is strong support at 1.2206. Breach below will see further weakness in the pair.
