CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pairing – The amount of Swiss francs (CHF) that one can buy for every Great British pound (GBP).
GBP – World’s fourth most traded currency
CHF - World’s seventh most traded currency
Rare trade – Despite both these currencies being majors in the forex market, the pairing is not often traded in comparison with other major pairings.
Commodities – The price of oil and coal can have an effect on both currencies in this pairing, however the pound is more likely to be connected to the price of aluminium, and gold and agricultural item prices are more likely to have an impact on the franc.
Reserves – Both currencies are frequently used as reserve currencies for those looking for safe haven options.