Could Sterling face further losses against the Swiss Franc? (Daniel Johnson)
May fails to gain political stability
Theresa May spoke yesterday at the annual conservative party conference in Manchester. Her aim was to unite the party and bring stability to the conservatives. She didn't.
She coughed throughout the speech and managed to drop party leaflets on the floor to add insult to injury. A member of the public managed to breach security and hand her a P45 which had a fake Boris Johnson signature inscribed. In house bickering and the uncertainty of May's job is not helping...
Sterling flat against the Swiss Franc in the run up to UK GDP figures...
Sterling vs the Swiss Franc has remained close to its lowest level in history caused by the aftermath of the Brexit vote back in June and more recently the announcement that Article 50 will be triggered by March 2017. Confidence in Sterling exchange rates has plummeted recently and until we get some form of assurances as to how the talks may go with the European Union we could see Sterling fall even further against the Swiss Franc than its current levels.
Clearly no negotiations can...
Is the Swiss Franc due to weaken or will it remain firm?
The Swiss Franc has been a fairly strong character in recent years, not only being a well known safer haven for investors but also due to the abandonment of the Swiss National Bank of their exchange rate cap against the Euro back in 2015.
This move alone saw the Swiss Franc make gains of over 25% in an extremely short space of time against a number of major currencies, and although it has come back a little since then the currency has still remained fairly...
Swiss Franc continues to soften, will next week bring further losses for CHF?
Those of our readers planning on buying Swiss Francs in the short-term future are seeing improving rates on almost a daily basis at the moment.
The Swiss National Bank has had a job on its hands as in the eyes of many, the Swiss Franc has been overvalued for some time now. Due to the currency's status as a safe haven currency investors tend to pool their funds into CHF in times of market uncertainty.
Over the years this has presented a problem for the SNB,...
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...
Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)
Sterling has made inroads against the CHF following this morning’s Supreme Court ruling, regarding the triggering of Article 50.
This morning decision was being monitored from all quarters of the market, as the Supreme Court confirmed that the UK could not officially start proceedings to exit the EU until the decision had been ratified through Parliament.
This was the widely expected result and to some extent had been priced in to the current rates on GBP/CHF but once again, the currency markets went against expectation and...
The impact of the US Presidential election on the Swiss Franc (Dayle Littlejohn)
Last night was the first televised debate between Hilary Clinton and Donald Trump. The general reaction is that Hilary got the upper hand and came out on top. She criticized Trump plans to cut taxes and also went on to ask why Donald Trump will not release his tax bills.
Looking ahead the closer we get to the election I believe speculators will want to move their assets out of the dollar and into a safe have currency and there is a good chance this...
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...
EUR CHF Exchange Rates Could See Volatility after EU Speeches on Thursday
The Swiss Franc could see a volatile day against the Euro on Thursday with a host of European data and speeches. Industrial production numbers should set the tone although it will be the four European Central Bank (ECB) speakers which are likely to create volatility for EUR CHF. ECB President Mario Draghi and members Praet, Coeure and Lautenschlager will all be speaking and the markets will be closely monitoring for any clues offered as to when tapering of its asset purchasing scheme will commence.
The...
What will be the key factors to the value of CHF? (Daniel Johnson)
Swiss Unemployment could cause a swing in CHF value
The Key data release from Switzerland this week is unemployment, due to be released early on Friday morning. The unemployment rate is delivered by the State Secritariat for Economic Affairs (SECO). It shows the figure of unemployed workers divided by the entirity of the civilain work force.
If the figure is positive and comes in better than the expectation of 3% we could see Swiss Franc strength. It also is not just about the immediate impact as...
