The pound to Swiss Franc exchange rate has been volatile this week as markets get closer to understanding fresh news and information on global elements that could move the the Swiss Franc. Examples include the Trade Wars threatened by the US which could see the Swiss Franc rise in value since it is a safe haven currency.
Other elements in the FX market are the news pieces from the Korean peninsula which tells us that the North and South are under discussions to negotiate better terms between them. This has helped the Franc to weaken slightly since it makes the chance of any nuclear war from North Korean concerns less likely. This has given investors confidence to invest in wider ranging schemes which will present better returns on their investment.
Clients looking to buy the Franc or even sell it to buy the pound should be very conscious of these developments but also movements on sterling. Brexit is definitely a topic which drives the pound and also risk sentiments in Europe. With slight progress on Brexit the Franc is also softer and the pound mildly stronger, hence the GBPCHF rate hitting above 1.30.
If you have a transfer to make in the coming weeks buying or selling Francs then understanding the latest news and developments in the market is vital to helping you secure the best rates. For more information at no cost or obligation please feel free to contact myself Jonathan Watson by emailing firstname.lastname@example.org.
Thank you for reading and I look forward to hearing from you and discussing any potential transactions in the future.