GBP/CHF up in European trade

The British Pound was higher against the Swiss Franc on Friday after the release of Swiss data on KOF Leading Indicators.

GBP/CHF was trading at 1.2958, up 0.33% at time of writing.

The pair was likely to find support at 1.2872, today’s low, and resistance at 1.3101, Wednesday’s high.

Earlier in the day, data showed that Switzerland’s KOF economic barometer fell more-than-expected to a seasonally adjusted 1.61 last month from 1.98 in the preceding month whose figure was revised down from 2.04.

Analysts had expected the KOF economic barometer to fall to 1.80 last month.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.18% to hit 1.6308 and EUR/GBP rising 0.22% to hit 0.8852.