Sterling breaks 1.30 against the Swiss Franc

Swiss GDP figures confirm economy is in full swing – A good year ahead...

GDP figures released today confirmed that the Swiss economy is in full swing once again and it looks like 2018 will be a good one for the Swiss economy and potentially the Swiss Franc too. The Swiss Government have declared an end to the so called "Frankenshock" which happened as the cap on EUR/CHF was lifted three years ago. For quite a period now Swiss exports had suffered due to the Swiss Franc being so strong and a number of Swiss companies had been finding life...

Where next for GBPCHF exchange rates?

The pound has risen back over 1.30 against the Swiss Franc as investors feel a softer Brexit is more likely. The pound has been a large driver on the Franc lately as investors look for clue on Brexit and what might happen next, principally what kind of trade deal the UK will ultimately end up with. The Franc remains historically very strong against the pound but may well weaken further as global events and risk sentiment remove the need for investors to be holding...

Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

The Pound has begun the week in strong fashion after gaining against the majority of major currency pairs pairs today and gaining on CHF by around half a percent. Much of its strong start is being attributed to comments from the Bank of England's Deputy Governor, Sir. David Ramsden that were made over the weekend. In a Sunday Times article he mentioned that interest rates may need to rise faster than it was previously assumed, which the 3% inflation level putting pressure on the economy. He...
Sterling breaks 1.30 against the Swiss Franc

Swiss economic data coming up next week

Following a reasonably quiet week so far for the Swiss Franc we have plenty more for investors and speculators alike to get their teeth into next week. On Monday morning we have Employment levels for the final quarter of 2018, any deviation from the previous figure of 4.956M may lead to a volatile start to the week for the Swiss Franc. Wednesday morning brings a trio of economic releases, with UBS consumption figures due out first and foremost,  this is an indicator of private consumption trends...
GBP to CHF remains buoyant at higher levels over the week

GBP CHF Moves Higher above 1.30

GBP CHF rates have moved higher today but with rates pushing back over 1.30 for the pair. The pound has been boosted today following a report which suggests that Britain is to have privileged access to the single market which contradicts previous reports that this was not possible. The mood on Brexit continues to be a major driver for sterling exchange rates and the news today is a step in the right direction for higher rates for GBP CHF. Clients looking to buy or...

GBP CHF Rates Under Pressure Before Theresa May Speech on Saturday

The Swiss Franc has found continued support this week after the markets continue to monitor developments from the financial market volatility seen at the beginning of last week which saw US stock markets fall sharply. UK and Asian markets also saw sudden losses as the threat of higher inflation has already become of concern for future economic growth. Higher inflation around the world will squeeze incomes and this is likely to result in lower spending. The Swiss Franc has seen a rise in its...

Will next week bring change for the GBP to CHF pair? (Joseph Wright)

Sterling has been struggling for direction over the past week, after a number of mixed signals have resulted in a directionless Pound. It's been trading within a pretty straightforward range against most major currency pairs recently, and after positive comments from the Bank of England regarding monetary policy last week. Interest rate hikes from the Bank of England this year were looking a lot more likely after the governor of the BoE, Mark Carney last week stated that the BoE may need to begin raising rates...

GBPCHF forecast

Over the last 4 weeks GBPCHF exchange rates have been falling. Over the last 4 weeks GBPCHF has been as high as 1.3485, however at present GBPCHF sits at 1.2985. To put this into monetary value for clients purchasing 200,000 Swiss francs today compared to the highs experience last month they are now paying an additional £5,700. The pound has lost value in recent weeks due to the change in sentiment surrounding Brexit. Head EU negotiator Michel Barnier announced that the transitional talks are not...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

What will happen next on the Swiss Franc to pound exchange rate?

The pound to Swiss Franc exchange rate has been tracking a very uncertain range with a number of conflicting factors pushing the rates in different directions. If you have an exchange to make buying or selling the Franc or the pound an understanding of the fresh events and news that will drive the pair is key to making sure that you are not caught out. Firstly risk sentiment is probably one of the biggest factors to understand for the Franc. As a safe haven currency...

GBPCHF exchange rates fall below 1.30 but for how long? (Tom Holian)

The Pound has remained in a fairly tight range against the Swiss Franc as we begin the week with little economic data due out today. Tomorrow morning brings with it the latest UK inflation data for both month on month and year on year. Inflation has been a hot topic for the UK and as inflation has been much higher than the government's target for a long time then the Bank of England had no choice but to increase interest rates towards the end of last...