The British Pound and the Swiss Franc are both major currencies, but due to relatively low trading volumes, the pair itself is not a major. Given how none of the two currencies are really commodity-linked, the pair is not a commodity pair either.
Although its stability has been somewhat rattled by the 2016 Brexit vote, the GBP – the oldest currency in the world still in use today – is likely just suffering on account of the uncertainty surrounding Brexit. Once the dominos start falling into place, it is likely to regain its notorious swagger. One of the world’s most popular reserve currencies, the GBP is also the strongest-valued. The British economy is the engine behind its strength. With its global trading links and massive size, the economy is indeed a fitting reflection of the strength of the GBP.
Though the UK is still a member of the EU, it has always resisted adopting the EUR. Now with Brexit in the works, the future of the currency is secure.
Powered by a financial services-focused economy, the CHF is a sort of mirror of one of the world’s sturdiest economies. The Swiss Franc is also backed by the large gold reserves of the country. Despite its stability, the CHF is only the 7th most popular global reserve currency.
In addition to the sturdy banking and financial sectors, the Swiss economy also relies on tourism and agriculture/food production.
Unlike the CHF, which is very stable indeed, the GBP has seen a few rather steep inflationary cycles lately. It is generally more capricious value-wise than the CHF anyway. What this means is that savvy traders can exploit these sudden changes in GBP value. Both currencies are closely linked to the Eurozone (trading-wise) and they are backed by structurally rather similar economies.