Selling Swiss Francs – Sterling Falls on Latest Referendum Polls

The pound is continuing its sudden decline against the Swiss Franc as the referendum continues to dominate the headlines. The latest ICM polls commissioned by the Guardian have put the Leave campaign in front whilst a YouGov poll yesterday has both campaigns neck and neck.

As such the markets are adjusting accordingly with a substantial fall in the price of the pound which in my view will fall considerably lower as we approach 23rd June. From here on the exchange rates for GBP CHF are likely to be driven largely by what is happening in this referendum. Expect major volatility going forward. Anyone buying Swiss Francs may wish to secure well in advance of 23rd June to avoid disappointment whilst anyone selling Swiss Francs could well see some good opportunities in the next couple of weeks.

Data is light for Swiss economic data as we end the week so focus now moves to next week with inflation numbers on Wednesday and unemployment data on Thursday.

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 jll@currencies.co.uk