The Great British Pound versus the Swiss Franc (GBP/CHF) tends to exhibit lower levels of volatility than many currency pairs. Much of this is due to the regional proximity of the two economic regions and their similar prospects for growth.
The Swiss Franc is traditionally viewed as being a safe haven currency. This goes back to the use of the country’s banks by wealthy investors to deposit their assets. The currency is routinely purchased when financial markets take a ‘risk off’ tone.
In contrast the Pound is regarded as one of the world’s leading reserve currencies. In addition the London markets are the largest financial markets in and therefore facilitate a huge amount of trade in the currency.
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