What will affect the Swiss Franc short term? (Daniel Johnson)
Data Releases of Consequence
There are several data releases which could cause swings in Swiss Franc value this week. First up, we have employment data on Tuesday morning. The employment level releases by Swiss statistics shows the number of employed workers . If there is a rise it indicates economic expansion and the Franc could benefit.
The next significant data release is Retail Sales on Thursday. The retail sales is a survey of goods sold in the last month and serves as an indicator of the...
The best rates to buy Francs since the Referendum vote!
GBPCHF has hit its highest point since the EU Referendum vote in June 2016, 19 months ago. The interbank rate of 1.34 is providing some much need respite for CHF buyers with pounds who have been struggling with some of the lower rates since 2011. If you have a transfer buying or selling the pound for the Franc it is important to be aware of the key trends which drive this currency pairing.
The outlook for the GBPCHF exchange rate could now see the pound rise...
Has the Pound’s recovery against the Swiss Franc stalled? (Joseph Wright)
Today has seen quite a steep drop for the GBP/CHF currency pair as we've seen the Pound weaken against most major currency pairs.
The sell-off in the Pound seems to have picked up steam this afternoon, although the major economic news out of the UK today was released this morning.
The UK Inflation rate, which is measured by the Consumer Price Index (CPI) came out at 0.6% although economists had forecast a rate of 0.7% to be released, and this weakened the Pound against most major...
GBP/CHF Rates Spike Following BoE Decision (Matthew Vassallo)
GBP/CHF rates have spiked by almost 5 cents this week, bringing those clients holding GBP some much needed respite after weeks of negative downturns. The reason we’ve seen the Pound gain some traction is the political developments this week, with Theresa May being appointment new Prime Minister. This has removed a layer of uncertainty amongst investors and the Pound has benefited as a result.
We also had the latest Bank of England (BoE) decision yesterday and it was widely anticipated that BoE governor Mark Carney...
CHF at high for the May?
Buying Swiss Francs has been getting cheaper and cheaper over the last month. Rates are now almost 3% better than they were 30 days ago. The reason for this gain has been the concerns coming out of Europe along with a better positive step forward for the UK economy.
On review, if you look back over the last 6 month charts you can certainly see that this pairing, GBPCHF, does not move in a straight line. Saying that however the negative trend can be clearly...
Buying Swiss Franc rates expected for sudden slump tomorrow morning (Joshua Privett)
Buying Swiss Franc rates (GBP/CHF) have been subject to further falls recently for Sterling, mainly based on anticipation rather than any concrete figures.
Sterling is having a busy week, with most of its pairings being influenced by events on this side of the channel rather than abroad.
Yesterday markets were zoning in on a deposition given by Mark Carney, the Governor of the Bank of England, to the House of Lords Treasury Committee. This deposition was aimed at addressing issues surrounding the UK economy in the...
Sterling rates drop – STEVE EAKINS
GBPCHF rates have been dropping recently and are expected to fall further as concerns mount about the impact of the BREXIT. The latest forecasts is that a BREXIT could result in the UK economy losing over £100 billion, hurtful for the value of Sterling.
Moving forward we have the UK inflation report which is expected to show yet another fall and therefore we expect the value of the pound to fall further.
If you have GBPCHF transfer to make I personally expect rates to drop further.
If...
What can we expect next for the GBPCHF exchange rate?
The pound to Swiss Franc rate has been sliding on the uncertainty of the UK raising interest rates. The general impression from the market is that the UK will fail to raise interest rates as quickly as many had hoped. Whilst I believe GBPCHF could easily drop lower say to below 1.20, ore than likely we will come to some form of settlement in the 1.22-1.23 range. A big factor driving the Franc against the pound is the positioning and we fell to almost...
GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)
GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years.
The Pounds woes have been well documented but with a key day of economic data releases ahead, is it all about to change?
This morning we will get a ruling from the high court on whether the now infamous Brexit vote must be ratified by MP’s in Parliament. If this is indeed the case we may see Sterling gain...
Swiss Franc before Foundation Day in North Korea
The Swiss Franc is in a very strong position at the moment as global uncertainties continue to help drive the Franc higher. The heightened tensions between the US and North Korea are an obvious reason why there has been a flight to the safety of the Swiss Franc. The Franc could also see additional gains this weekend if there are any developments on the Korean peninsula. This Saturday is Foundation Day which is one of the most important days in the North Korean calendar....
