GBP/CHF rates were put under pressure this afternoon following same anxiety about the first look into growth during the UK in the last quarter of 2015.
The data will be released tomorrow morning, so markets seem to already be pricing in the results with the net flow being an obvious sell-off of the Pound as the afternoon progressed.
Due to the recent flooding and the worsening global business climate, the last three months of 2015 were a testing period for economic output.
Individually, each month, growth figures for the retail, industrial, manufacturing and services sector showed troubling results. So, collectively, the look at growth for the whole economy within the three month period can predictably be expected to show some testing resuts, which is why Sterling has already begun to weaken ahead of the announcement.
I strongly recommend that anyone with a CHF buying requirement over the next few weeks should contact me overnight on [email protected] to discuss a strategy for your transfer in order to maximise your currency return.
I have never had an issue beating the rates of exchange offered elsewhere, so if you would like to save money on your transfer, feel free to get in touch for a no obligation, free quote on your exchange.
