The Swiss Franc has been mirroring the euro strength recently and has generally been getting more expensive to buy. Remembering that the BREXIT Referendum is now only 11 weeks away and widely expected to cause Sterling’s value to fall.
Buying the CHF became cheaper yesterday, probably more a short term opportunity rather than a long term trend following a positive day for the UK pound. This was the release of the latest inflation data, the CPI data which showed an improvement. This gain was due to the early Easter this year driving up travel costs which were reflected in this gain in both inflation and the UK Pound. As a result if you have CHF to buy in the near future I would suggest you look at buying sooner rather than later to take advantage of this current opportunity.
Longer term if you don’t have the funds available please be aware of the pending fall in Sterling’s value. You can move pro- actively if you have access to some funds using a FORWARD contract. Alternatively register for SPIKE NOTIFICATIONS to be kept up to date with opportunities when they arrive – do this by contacting myself STEVE EAKINS via email at [email protected] with your contact details and situation.