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...
CHF finds support following fresh Brexit uncertainty

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...
Mark Carney steadies GBP/CHF rates on global viewpoint

Will the SNB raise interest rates?

The Swiss National Bank (SNB) could be moving forward in their process of raising interest rates according to current reports with the previous Q4 2019 hike predicted to become reality in Q3. This minor shift in expectations is positive for the Swiss Franc and gives the market some news to be targetting and assessing in deciding the value of the CHF. With interest rates in Switzerland having been at -0.75% since January 2015, the future guidance could see the Franc strengthening as investors price up the possibility...
GBPCHF - The Brexit barometer

CHF makes gains against Sterling

The Pound has suffered against the Swiss Franc of late, but Sterling still remains only two cents below the highest levels in 18 months. I think this can be put more down to Sterling weakness than Swiss Franc strength. Could Bank of England rate hike now be off the cards? A rate hike from the Bank of England (BoE) in May was largely factored into the exchange. Unfortunately following a host of poor data releases, including the worst GDP figures in five years it seems as...

CHF Forecast – SNB Concerned That the CHF Remains Overvalued

The Swiss economy stabilised during April, curbing any further downturn after March’s dip. The CHF itself has remained fairly stable throughout and continues to trade around 1.3550 against Sterling. Despite an upturn in economic output the Swiss National Bank (SNB) still feel the CHF is overvalued and as such restricting Swiss exports. This in turn is putting unnecessary strain on their economy and with the SNB keen to see the CHF’s value dip, do not be surprised if the CHF’s value starts to fall over the coming...