{"id":98505,"date":"2020-04-07T10:56:51","date_gmt":"2020-04-07T14:56:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=98505"},"modified":"2020-04-07T11:37:43","modified_gmt":"2020-04-07T15:37:43","slug":"102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\/","title":{"rendered":"GBP\/CHF: Below 1.20 with Boris Johnson in Intensive Care"},"content":{"rendered":"

The British pound<\/a> is flat against the Swiss franc<\/a> on Tuesday.<\/p>\n

News that UK Prime Minister was moved into intensive care as his condition worsened after contracting the coronavirus weighed on Sterling.<\/p>\n

The pound was unable to capitalise on the improved risk sentiment across markets against the Swiss franc<\/a> due to the political uncertainty associated with Boris Johnson\u2019s absence.<\/p>\n

GBP\/CHF<\/a> was up by 10 pips (+0.08%) to 1.1974 with a daily range of 1.2035 to 1.2219 of 3am GMT.<\/p>\n

The currency pair slid sharply overnight and two subsequent rebounds to 1.20 failed to break through, leaving it near the flat line. The exchange rate is now down for the week to date by a small -0.13%.<\/p>\n

Check real time GBP to CHF exchange rate<\/span><\/a><\/div>\n

Pound flat in risk-on rally as Johnson admitted to ICU<\/h2>\n

Having been admitted to hospital yesterday, UK Prime Minister Boris Johnson was moved to the intensive care unit (ICU) at St. Thomas Hospital in London.\u00a0 The news sent the British pound suddenly lower on the implied political instability. There is also the shock to UK public confidence with the leader of the country seriously ill.<\/p>\n

The pound later recovered some of the early losses on news that Johnson has reportedly not needed to go on a ventilator but has undergone \u2018standard oxygen treatment\u2019 to aid his breathing and he has not been diagnosed with Pneumonia.<\/p>\n

Especially given the fractious recent history of Brexit, the pound remains very much vulnerable to political uncertainty.<\/p>\n

Swiss franc out of favour as stock markets surge<\/h2>\n

The Swiss franc is holding its own against the pound on Tuesday but is lower against other more risk-on currencies like the Aussie<\/a> (AUD\/CHF). The franc has been viewed as a haven from coronavirus fears\u00a0 in recent weeks. However markets have been in recovery mode this week, shedding any need for safety in the Swiss currency.<\/p>\n

While the franc was falling, US Stock indices all gained in the vicinity of 7% on Monday and are pointed higher again on Tuesday amid small signs that the COVID-19 \u201ccurve is flattening\u201d and as several countries plan to rollback lockdown rules.<\/p>\n","protected":false},"excerpt":{"rendered":"

The British pound is flat against the Swiss franc on Tuesday. News that UK Prime Minister was moved into intensive care as his condition worsened after contracting the coronavirus weighed on Sterling. The pound was unable to capitalise on the improved risk sentiment across markets against the Swiss franc due to the political uncertainty associated […]<\/p>\n","protected":false},"author":163946608,"featured_media":97290,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2469,1379],"tags":[1396,2465,2139,1394,2466,2614],"class_list":{"0":"post-98505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chf","8":"category-gbp","9":"tag-boris-johnson","10":"tag-chf","11":"tag-coronavirus","12":"tag-gbp","13":"tag-gbp-chf","14":"tag-intensive-care"},"acf":[],"yoast_head":"\nGBP\/CHF: Below 1.20 with Boris Johnson in Intensive Care - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jasper Lawler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\\\/\"},\"author\":{\"name\":\"Jasper Lawler\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/7cdd4328aaa82c6c13caee5961755200\"},\"headline\":\"GBP\\\/CHF: Below 1.20 with Boris Johnson in Intensive Care\",\"datePublished\":\"2020-04-07T14:56:51+00:00\",\"dateModified\":\"2020-04-07T15:37:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\\\/\"},\"wordCount\":380,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/shutterstock_1425719741-scaled.jpg\",\"keywords\":[\"boris johnson\",\"chf\",\"coronavirus\",\"gbp\",\"gbp\\\/chf\",\"intensive care\"],\"articleSection\":[\"CHF\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102949-gbp-chf-below-1-20-with-boris-johnson-in-intensive-care\\\/\",\"name\":\"GBP\\\/CHF: Below 1.20 with Boris Johnson in Intensive Care - 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