The currency pair of Pound Sterling to the Swiss franc is quite popular among traders in the Forex market due to high business activity between the UK and Switzerland. Most of the trades are observed in the European session.
Switzerland is a highly developed country with a strong industrial profile and advanced technologies. The Swiss franc is growing in times of crisis, as in the country in these periods there is a lot of money - investors are looking for shelter for their capitals in the "safe haven".
For 2015, the UK economy in terms of GDP in terms of PPP was tenth. The leading direction of the British economy is the service sector. The UK provides 10% of global exports of services, including banking, brokerage, advisory and programming. The second most important sector of the economy is industry: mining (2.2% of GDP) and manufacturing (14.7% of GDP). The main export of the country is engineering, transport, industrial goods and chemicals. Oil production since the 1970s brought a significant profit in trade and allowed to reduce the import of petroleum products.
Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
The GBP / CHF pair is built on the principle of direct quotation. The base currency is GBP, the British pound, and the quoted currency is CHF, the Swiss franc. The appreciation of the currency pair means the strengthening of the British pound against the Swiss franc, that is, the purchase of one GBP requires more CHF. A decrease in the exchange rate indicates the strengthening of the Swiss franc.
Swiss franc - (bank code: CHF) is the currency and legal tender of Switzerland and Liechtenstein. Banknotes of francs are issued by the central bank of Switzerland (National Bank of Switzerland http://www.snb.ch/en/), while coins are issued by the Federal Mint. Unofficial name "Swissie".
British pound, pound sterling or pound - (currency symbol: £, Bank code: GBP) is a currency that acts as the national currency of the United Kingdom of Great Britain and Northern Ireland (Great Britain), including England, Scotland, Wales and Northern Ireland. Also the pound is a parallel currency of the crown lands of Guernsey, Jersey and the Isle of Man. The pound sterling is a legal tender for the British overseas territories: the Falkland Islands, Gibraltar, St. Helena, Ascension and Tristan da Cunha. The Bank of England has the right of money issue and regulation.
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