GBPCHF has slipped further and further as the pound dives and Franc soars on global uncertainty. The Franc is used by investors in times of uncertainty and despite negative interest rates investors like to hold their deposits in the Franc in anticipation of better rates down the line. WIth the pound likely to come under much further pressure due to the Referendum we are bound to see this rate continue to slide. If you are buying CHF I really would suggest moving sooner rather than later to avoid the risk and uncertainty on markets. Conversely if you wish to buy pounds with CHF keeping track of further improvements might lead to better deals!
If you are looking for fresh new opportunities on this pair don’t forget next months ECB decision on QE which could impact risk sentiment and lead to movements on the Franc. If you are planning an exchange and wish to discuss any deals please email me [email protected]