 It's an extremely slow day in the markets. Sterling appears to be a touch stronger after Rishi Sunak finally become the third UK Prime Minister in Two months, accepting King Charles's request to form a government. Meanwhile, Swiss Franc is slightly on the softer side. But overall, most major crosses and pairs are staying range bound. Germany Ifo Business Climate triggered no reaction in Euro. The stock markets are mixed too, with China markets closed slightly slower despite attempt by the "national team" to buy a rebound. Benchmark treasury yields in the US and Europe are also trading lower. Technically, EUR/CHF's rally today is so far not accompanied by any meaning movement in Euro elsewhere. Now, GBP/CHF appears to be trying to resume near term rise from 1.0183. Firm break of 1.1393 resistance will confirm and target 61.8% projection of 1.0183 to 1.1283 from 1.0893 at 1.1573. Let's see whether the Pound would move elsewhere or not. In Europe, at the time of writing, FTSE is down-0.83%. DAX is down -0.96%. CAC is up 0.17%. Germany 10-year yield is down -0.0989 at 2.231. Earlier in Asia, Nikkei rose 1.02%. Hong Kong HSI dropped -0.10%. China Shanghai SSE dropped -0.04%. Singapore Strait Times rose 0.48%. Japan 10-year JGB yield rose 0.0004 to 0.257. | 
