There are several reasons for Sterling’s decline against the Swiss Franc. There has been a drop from 1.49 in mid December to the 1.43s which is a very significant fall to anyone conducting large trades.
China’s growth has fell for ten months consecutively causing Global Economic uncertainty, there has been a mass stock sell off and carry traders are seeking safer investments moving away from riskier areas. There is also the EU referendum around the corner which will have big implications for Sterling value. Inflation is also worryingly low at 0.1% some way from the 2% target.
The question is where are we headed next and have these concerns already been factored into GBP/CHF?
I would be more than happy to answer should you have any questions as to where GBP/CHF may be heading. If you have a currency requirement I would be prepared to have a quick discussion and explain how our service works and answer any questions you may have. It will also give me a chance to find out a bit more about your specific requirements eg destination, timescales, banks involved etc as I may be able to provide some useful options and tips. I am currently in a position to beat any bank or brokerage’s rates. Thank you for reading the blog it is appreciated and I look forward to hearing from you. If you would like to get in touch please feel free to call on 01494 787478 or feel free to email me at [email protected] .