GBP/CHF

The GBP/CHF Spot price indicates how many Swiss francs a trader can receive per pound sterling, with a higher number representing growing strength in the latter money.

While the currency pairing is not heavily traded, both are considered 'majors' individually and are used as reserve money by investors, so they hold a high status in the forex markets.

In terms of trading volumes, the pound and the franc sit in fourth and sixth positions respectively, while their roles as reserve currencies mean they can both rise in value if people are looking for a safe haven for their capital.

The price of sterling is mainly influenced by the economic performance of the country, with inflation, unemployment and trade reports exerting both upward and downward pressures, as well as the base interest rate set by the Bank of England.

Due to the manufacturing industry in the UK, the value of commodities such as coal, aluminium and oil can also be a key factor.

The Swiss franc - which gets its CHF code from the Confoederatio Helvetica - can experience fluctuations as a result of its economic performance, but also from a range of commodities including gold, various base metals, agricultural items, coal and oil.