GBPCHF January 2026 fundamental analysisBritish Pound/Swiss FrancFX:GBPCHFOneirotradeGBP/CHF Current Level: 1.06574 | 1-Month Change: +1.19% | Trend: Uptrend Fundamental Analysis: GBP/CHF shows strength as sterling benefits from the BoE's rate cutting cycle (now at 3.75%, expected to cut to 3.25%-3.50%) compared to the SNB's hold at 0%. The 375-basis-point differential significantly favors GBP, providing strong support for the pair. Additionally, the UK's disinflation is progressing faster than expected, supporting BoE rate cuts, while Switzerland's inflation is very low (0.3% expected in 2026) and the SNB has indicated reluctance to go negative again. The franc's safe-haven appeal provides some limit to GBP strength, but the interest rate advantage is substantial. UK growth is expected to remain modest while Switzerland's is minimal, but currency movements are driven by rates rather than growth. The pound carries positive momentum into 2026 on the back of recent rate cuts. Recent Price Action: Uptrend with +1.19% monthly gain reflects strong BoE rate cut support. Momentum is positive. Verdict: BUY – Substantial interest rate differential (375bps), BoE's cutting cycle supporting carry trades, and limited SNB rate support for the franc all favor GBP strength through January.