The GBP/CHF currency pair, which expresses the value of the British pound sterling in terms of the Swiss franc, is currently struggling to break out of its short-term trading range. This apparent struggle applies to practically all GBP FX crosses (including GBP/USD), although the British pound sterling has successfully gained against the euro recently (owing mostly to euro weakness, rather than GBP strength).
The chart below shows the GBP/CHF pair (per daily candlesticks) trading in relation to its 100-day moving average (see the sloped black line). As we can see from the chart, the GBP/CHF