We have seen big gains for Sterling vs the Swiss Franc during today’s trading session by as much as 3 cents from the high to the low or the difference of 2% on a currency transfer.
Markets have moved owing to the uncertainty coming out of China recently and the reversal of carry trade currencies which includes the Swiss Franc and hence the reason for the massive movement experienced today.
UK GDP figures are due out on Thursday which could cause Sterling to fall and lose its gains against the CHF from today.
If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]