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History of the British Pound
Originated in Roman-era continental Europe. It gets its name from the Latin word "poundus," which means "weight." The $ symbol is derived from an ornate L in the constellation Libra. The pound was a unit of currency in Anglo-Saxon England as early as 775AD, equal to one pound of silver.
History of the Swiss Franc
The first Swiss Franc was introduced in 1850; it was pegged to the French Franc. Switzerland joined the Latin Monetary Union in 1865, which included France, Italy, Switzerland, and Belgium. In 2008, the Swiss Franc was more valuable than the US dollar. The ninth series of Francs was introduced in 2010.
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GBP/CHF Trading FAQs
When Is the Best Time to Trade GBP/CHF?
When Is the Best Time to Trade GBP/CHF?
The best time to trade GPB/CHF is between 8 am and 4 pm GMT. This is because this is when GBP/CHF will be the most liquid and when most price changes will happen.
BRITISH POUND SWISS FRANC TRADING
BRITISH POUND SWISS FRANC TRADING
As a safe haven currency, the Swiss franc makes GBP/CHF appealing during times of market volatility and turmoil. If you have a decent plan and understand the market, trading this pair might be profitable for you.
How can I trade GBP/CHF?
How can I trade GBP/CHF?
Two currencies, the pound and the franc, are highly sought after and exchanged on a global scale. Switzerland and the United Kingdom's economic and geographic proximity contribute to stability. Due to the currency pair's low volatility, it is a popular choice for traders looking to avoid taking on excessive risk.
Where Can I Find a Trusted Forex Broker to Trade GBP/CHF?
Where Can I Find a Trusted
Forex Broker to Trade GBP/CHF?
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as GBP/CHF. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.