Pound to Swiss Franc rate trading around post-Brexit vote highs, will the trend continue?...

The rate for exchanging Pounds into Swiss Francs is now trading well into the 1.32's, which are the highest levels seen since the Pound fell dramatically in the wake of the Brexit vote which shocked the global markets. Now that global markets appear to be recovering which is underlined by rising interest rates in a number of developed nations, currencies such as the Swiss Franc and Japanese Yen which are considered safe haven currencies have begun to soften. This is because investors no longer fear holding...

Swiss Franc Returns to the 1.39’s.

For the first time in 3 weeks the CHF has moved below the 1.40’s. This has been of the back of Sterling weakening due to the uncertainty as to which way the Referendum vote will go. The security provided by the Franc as it has far less factors contributing provides a safe haven for market investors. The Swiss Franc is well known for not moving huge amounts day to day, however there have certainly been larger swings than usual recently. I would not be surprised...

GBPCHF rates could fall further today

The GBPCHF rate has slipped a little in early morning trading today as investors await the UK budget due today. Amongst the usual leaks and rumours there appears likely to be a budget which will not be overly generous as some expect but will seek to keep the UK economy on a fairly stable course. UK Borrowing and Debt is still a huge issue for financial markets and Hammond will I am sure wish to retain some of the financial credibility that has put...

Swiss GDP Figures Better Than Expected (Matthew Vassallo)

The CHF received a boost during early mornings trading, following better than expected Gross Domestic Product (GDP) figures. The figure of 0.4% came out above the expected 0.2% and initially gave the CHF a boost against GBP, with the pair dropping to 1.3886 at today’s low. Despite the improved figure the CHF failed to hold it value, with GBP making a recovery back above 1.40 at the time of writing. Sterling has found some support over the past 48 hours and it seems as though...
Pound finds support against the Swiss Franc but for how long?

GBP/CHF What to expect (Daniel Johnson)

Theresa May's Snap Election announcement causes the Pound to rally Last week Theresa May called a snap General election due to take place on 8th June. Historically a snap election has caused the currency in question to weaken, however on this occasion Sterling strengthened. It was a shrewd move by May to call an election while the competition is so weak. A conservative government is seen as the safe bet for the UK economy and this caused a surge in investor confidence which in turn...

Will GBPCHF rise above 1.25?

The pound to Swiss Franc exchange rate is currently back at 1.25 representing some of the very best times since May to buy Swiss Francs with pounds. If you have a transfer in the future buying Swissies with the pound then making some plans in advance is well worthwhile since the current market is not looking too favourable! GBPCHF has spent most of 2017 trading below the 1.30 highs reached back in May. Only a week ago we did hit 1.26 but it has...

GBPCHF rises to over 1.25!

The pound is higher against the Swiss Franc as we finally get some clarity over just what Brexit means. The pound was initially expected to fall but contrary to popular expectation it found favour as Theresa May finally delivered some clarity over just what Brexit means. Most analysts are expecting sterling  will come under pressure again, in some respects this is just the beginning of what is going to be a long journey. I think if you are buying Francs in the short term...

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...

Sterling still struggles against the Swiss Franc owing to Article 50 uncertainty (Tom Holian)

Prime Minister Theresa May is still committed to triggering Article 50 before the end of the month in spite of what happened this week with the House of Lords' decision to challenge the Brexit bill. The House of Lords are primarily concerned with keeping the rights of EU citizens living and working in the UK and they also want to try and have a reciprocal arrangement for Britons living in Europe. The vote was 358 in favour and 256 against and this additional obstacle for Theresa...
Pound finds support against the Swiss Franc but for how long?

GBPCHF falls further on Brexit fears

The GBPCHF exchange rate has slipped further as concerns over the outlook for the pound deteriorates further in the face of continued uncertainty for the UK moving forward. Arguably we actually have more certainty but the new is not good from a market perspective. If you have a transfer to consider buying CHF with pounds I really feel that getting something done sooner rather than later is a very smart move! Brexit indicates that the UK will leave the EU and there has been a...