Sterling Continues to Climb Higher against the Swiss Franc

The pound continues to climb higher against the Swiss Franc after starting its ascent on 11th April 2016. Gains have been well supported most likely on the back of the recent UK polls that are putting the Remain campaign marginally ahead. The vast majority of these polls are suggesting this which is giving sterling a little bit of a boost, for the time being anyway. Today should be particularly interesting with the expected press conference with US President Barack Obama and Prime Minister David Cameron. Considering the US are firmly in favour of Britain remaining in the EU and the fact that this will be shown on TV could see the pound benefit over the course of the weekend.

Data is light next week with a handful of minor releases so as far as GBP CHF is concerned this is likely to be driven by sterling and from the political side of things. Buyers of CHF may be presented with some better buying opportunities although they may be short lived.

If you have an upcoming GBP or CHF currency requirement either buying or selling and would like to be kept up to date with key market movements, or simply wish to compare our award winning exchange rates then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively you can email me directly at [email protected]