What will move GBPCHF in the future?

A large driver on the pound to Swiss Franc rate has of course been the uncertainty surrounding the Brexit and with the talks starting this week, this factor will continue to be key to determining where we head next on the currency markets. Overall impressions for the pound are negative whilst the Swissie continues to benefit from its safe haven status and its close relationship to the Euro. As with any currency against sterling at present the pound is on the back foot, if...

GBP/CHF Rates Drop During Tuesday Trading (Matthew Vassallo)

GBP/CHF rates have dipped during Tuesday’s trading, with the pair dropping to 1.4380 at today’s low. The pound has struggled across the board so far this week and this morning’s Industrial & Manufacturing Production figures have only enhance that trend. Both came out below expectation and this is likely to be the catalyst for today’s drop. The CHF has benefited from the recent downturn in UK data and has gained almost 6 cents in the last month against GBP. This has provided some excellent selling...

Buying Swiss Franc rates largely unchanged (Joshua Privett)

Pound to Swiss Franc exchange rates have seen a choppy day of trading but almost no net movement whatsoever, with the percentage difference on buying Swiss Franc rates since the opening bell at a paltry 0.01%. Why the quiet market? We are at the back end of the month now, with little economic news of note to be released for markets to trade on. As such, unless large political forces are at play, rates are unlikely to be shifting heavily at any one moment. Furthermore, it...

Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)

The Swiss Franc has seen continued strength residing in the 1.38’s against the Pound. Whilst the Euro and Sterling battle against external factors the Swiss Franc has been seen as a safe-haven to put money whilst the market is volatile. If you are looking to sell Swiss Francs, there may be movements in your favour over the coming weeks. Furthermore in light of the horrendous terrorist attacks in Brussels the Swiss Franc may see further movement in its favour. The Swiss National Bank kept interest rates...

How was the election affected the Pound vs the Swiss Franc? (Tom Holian)

The Pound to Swiss Franc exchange rate has continued to fall over the last few days when initial exit polls came out on election night which suggested that the final result would end up with a hung parliament with no party able to form a majority government. The exit polls were in this case expertly predicted and the Conservatives were unable to form a majority government and as of yet the Tories have not yet been able to form a majority government with the DUP. The Queen's...

Selling Swiss Francs for GBP – Excellent Opportunity (James Lovick)

The pound remains very weak against the Swiss Franc on remaining Brexit concerns which is effectively keeping a lid on sterling exchange rates. At the same time the safe haven status of the Swiss Franc remains incredibly appealing amidst all the global and economic political uncertainty. This is keeping the Swiss Franc very strong with a continued flight to safety to this currency. The same is happening with the US dollar and that is despite the looming US presidential election in November. Swiss unemployment worsened...

Sterling Swiss Franc Exchange Rate Update (Tom Holian)

Sterling vs the Swiss Franc has been going in an upwards direction this week after the Brexit verdict released on Tuesday morning. Initially this caused the Pound to fall vs the Swiss Franc but since then Sterling has continued to go upwards. Later today UK Prime Minister Theresa May will be the first foreign leader to be visiting Donald Trump and the talks are expected to be positive. Even though some of Trump's executive orders have raised eyebrows and his recent comments on torture have...

SNB keep rates on hold at -0.75% (Dayle Littlejohn)

Today at 8.30am the Swiss National Bank decided to keep the deposit rate unchanged at -0.75%. The Swiss National Bank also stated they would carry on intervening within the currency market to keep the Franc from strengthening too much as they believe its still significantly overvalued. Many analysts believe further cuts will occur in a bid to devalue the Franc. The Franc soared back in 2015 when the pegging was lifted between the Franc and the Euro. Furthermore the SNB have predicted Consumer Prices are expected...

GBP/CHF rates lose ground from yesterday (Joshua Privett)

Sterling's rally yesterday after a recent string of poor news has evaporated by morning. GBP/CHF rates are now back below 1.45 as Sterling moves back to where the week began. There is no explicit data released to explain this move. Frankly, the same background forces which are weakening the Pound and therefore making the Swiss Franc more expensive to buy. Concerns about flooding in the North and West of the country have been compounded by the sudden cold snap which is making relief efforts slower and...

GBPCHF remains at the better rates of 2017

The pound to Swiss Franc rate remains at some of the better levels of 2017 as the market shrugs off the UK triggering Article 50 and embraces what lies ahead. The Swiss Franc could now be at more risk from geopolitical concerns emanating from the US's action directed to Syria. The Swiss Franc is a safe haven currency which means it strengthens in times of economic uncertainty. The coming weeks could see further military action which might raise global concerns over a future war,...