The GBP/CHF currency pair, which expresses the value of the British pound sterling in terms of the Swiss franc, is in effect a risk-on currency pair. That is to say, the British pound sterling (or GBP) is correlated positively with global risk sentiment, whereas the Swiss franc tends to correlate with risk-off moves.
If we look to the monthly candlestick chart, the pair has evidently dropped significantly in recent times. However, the pair does appear to be staging an early comeback.
(Chart created by the author using TradingView. The same applies to all