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,...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

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...

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...

GBP/CHF – Theresa May causes Sterling Spike (Daniel Johnson)

May delivers Brexit Plan Following Theresa Mays speech we saw Sterling rally against the Swiss Franc. She made it clear her intentions for a hard brexit. This could be perceived as detrimental to the UK economy and should cause Sterling to fall. However Sterling strengthened against the Swiss Franc, it goes to show that uncertainty is a key concern to investors. With investor confidence returned we are now seeing new buoyancy levels on GBP/CHF, currently sitting around 1.24. There is still the supreme court judgement on...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

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...

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...

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...

Will the Franc break 1.30 against the pound?

The Swiss Franc has been strengthening against sterling as fears over Italy, which had previously been causing the Franc to weaken look like they might be resolved. Talk of a coalition meeting again to resolve the current problems have seen the Euro strengthen which has helped the Franc too. With a deep relationship between the Franc and the Euro, these currencies can closely track either which causes movement on GBPCHF. I think that any further major uncertainty over what is happening could see the Franc...

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...
Pound finds support against the Swiss Franc but for how long?

Supreme Court Judgement set to cause volatility on GBP/CHF (Daniel Johnson)

Supreme Court Judgement expected imminently The Supreme Court Judgement on whether parliament will have to O.K  the triggering of article 50 is ongoing and when the ruling is announced expect big swings on GBP/CHF. I think the likely outcome will be that parliament will get the vote, most broad sheet papers have indicated the majority of the judges are in favour of the parliamentary vote. The Guardian has seven of the eleven judges in favour of parliament voting on invoking article 50. If this is the...