GBPCHF levels falling

The price of buying any currency with the UK pound got significantly higher today. This was following commentary from mark Carney the head of the Bank of England, when he confirmed expectation in the market that exchange rates will probably not climb in 2016. This resulted in an exit out of the UK pound making it weaker. Cheaper to buy but more expensive to buy anything with.

The UK Pound has generally been getting weaker through 2016 as commodity prices and stock markets fall globally. As a economy highly based on financial services this has weakened the UK pound.

Moving forward i generally expect the CHF to gain in value as the global uncertainty continues and traders buy the CHF as a safe haven.

If you would like more help and assistance with any transfer or live prices please feel free to contact myself directly. you can call me – STEVE EAKINS on the number to the right or email me directly at [email protected]