GBP/CHF Forecast: Swiss Franc at best level against the Pound in over a year
GBP/CHF forecast: Brexit uncertainty causes Swiss Franc to gain vs the Pound
The Pound is now trading at its lowest level to buy Swiss Francs in over twelve months as the political uncertainty surrounding the UK is continuing to negatively affect the value of Sterling exchange rates.
Clearly the uncertainty of what may happen in the next three months before the end of March is causing investment in the UK to drop off in favour of more safer currencies, including both the US Dollar and the...
CHF Forecast – Swiss Economy Showing Continued Signs of Strength
The Swiss economy strengthened during the first quarter of 2018, with Gross Domestic Product (GDP) growing by 2.2%.
This is the first time their economic output had surpassed 2% since 2016, with a surge in investment and solid trade relationships helping to propel the Swiss economy forward.
The CHF has styed solid throughout and continues to remain a safe haven for investors, despite the Swiss National bank (SNB) trying to keep the CHF’s value in check.
GBP/CHF rates continue to float above 1.32 level, with the CHF...
Swiss Franc Supported on Better Inflation
Rates for GBP CHF has slipped in recent week with levels hovering around the 1.32 mark for the pair. The Swiss Franc has been marginally boosted following the latest Consumer Price Index inflation numbers released this morning. Swiss inflation climbed higher to 1% for the year which was above the expected forecast of just 0.9% and the numbers were up to 0.4% for the month of May.
The markets will be keeping a close eye on what happens in Iran in these coming weeks after...
Swiss Franc continues to strengthen against the Pound
The Swiss Franc has continued to strengthen against the Pound in recent weeks and it could be argued that the main trigger for the weakening of the Pound came a few weeks ago when the Bank of England confirmed that they would be keeping interest rates on hold again with a split of 7-2.
The UK has shown relatively poor economic data in the form of UK GDP which came in at the slowest growth since 2012 and inflation has started to fall and this...
Will the Franc break 1.30 against the pound?
The Swiss Franc has been strengthening against sterling as fears over Italy, which had previously been causing the Franc to weaken look like they might be resolved. Talk of a coalition meeting again to resolve the current problems have seen the Euro strengthen which has helped the Franc too. With a deep relationship between the Franc and the Euro, these currencies can closely track either which causes movement on GBPCHF.
I think that any further major uncertainty over what is happening could see the Franc...
Fears surrounding Italian politics strengthens the Swiss Franc
Although some economists aren't predicting the recent bout of CHF strength to remain, the bottom line is that the Swiss Franc has been one of the strongest performing currencies within the G10 recently.
Market traders have been placing bets that the Euro will weaken against the Swiss Franc recently, after the issues surrounding the political leadership in Italy is beginning to spill over into the Euros value. Up until this weekend it had appeared that a populist coalition would take control in Italy with intentions...
Swiss Franc at 2 month high vs the Pound
The Pound has fallen to its lowest level to buy Swiss Francs in two months as the Pound continues to struggle after the Bank of England's decision to keep interest rates on hold for the foreseeable future.
About a month ago the Swiss Franc started coming under pressure against a number of different currencies after the Swiss National Bank got rid of the cap that it had previously put in place to stop the CHF from being too strong.
Many expected that the Swiss Franc may...
GBPCHF rates slide on UK news and global risk events!
The pound to Swiss Franc exchange rates has slipped to some of the lower levels in two months as concerns over the Italian political situation fuels a shift into safer haven assets like the Swiss Franc. We have also had a reduction in the interest rate forecast for the UK which is removing pressure on the Bank of England to raise interest rates and seeing the pound slightly softer.
The longer-term direction for the pound to CHF rate could be towards a higher level as...
Swiss Franc starts to claw back ground as investors take a shine to the...
The Swiss franc has been one of the poorest performers of all major currencies so far in 2018, losing roughly 5% of value against the Dollar and 3% against Sterling.
It does appear though from signs this week that investors and speculators are starting to look at the currency in a more positive light, and we have seen a slight fightback as the week has progressed.
Swiss economic data has been ok in recent times and although the general view is that we will not see...
Swiss Franc to have a positive end to the week vs the Pound
The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and see approach as to what might happen in the medium to long term.
The Pound fell marginally during this time after the Bank of England once again decided to keep interest rates on hold at a split of 7-2 in favour of keeping the rates the same.
Over the next couple of days there is limited data published both here...
