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...

GBPCHF exchange rates have slipped on sterling weakness

The pound has weakened further this week as investors fears over the likelihood of any interest rate in the UK take shape. There is a very high probability that this Thursday the UK Bank of England will cut their interest rate this Thursday which will lead to some sharp weakness on the GBPCHF exchange rate. Clients looking to buy or sell the Franc against the pound should be weary of this event which takes place this Thursday afternoon. If you are in a position...

What factors will effect GBP/CHF short term? (Daniel Johnson)

Supreme Court Judgement could cause big swings on GBP/CHF The supreme court judgement on whether parliament will get the vote on triggering article 50 is ongoing. I expect the ruling to come through between 12th-17th January. This could have serious implications on GBP/CHF. If parliament do get the vote there is the probability that there will be a soft brexit. If there are temporary trade deals in place while the new trade deals are being negotiated it will take some of the uncertainty away from...

Swiss Franc Once Again Strengthens Due to Brexit

The Swiss Franc has seen some strength this week falling well below the 1.40 level against Sterling. This can be attributed to Sterling losses from the start of the week as the Brexit campaign once again looks close after the Remain campaign appeared to take a lead. Switzerland released poor retail figures at the start of the week and the consumer climate which is an indicator for inflation gave a very negative reading. Despite the negative domestic data, the safe haven status the Franc has...

Selling Swiss Francs – Sterling Falls after Bank of England Signal Interest Rate Cut...

The pound has fallen further against the Swiss Franc after a statement yesterday from Bank of England Governor Mark Carney who made very clear that further monetary easing will probably be required this summer. This will most likely come in the form of an interest rate cut from current levels of 0.5% where they have been for the last seven years. This resulted in an instant and sizeable slide in the price of the pound against all of the major currencies including the Swiss...

Swiss Franc Strengthens Following Brussels Attacks (Tom Holian)

The horrific attacks that took place in Brussels yesterday rocked the currency markets and this saw a huge movement for exchange rates. The Swiss Franc strengthened against Sterling by 2% during the trading session as global investors flocked to the safer haven currencies. The Swiss Franc owing to its neutrality often tends to strengthen during geopolitical and economic uncertainty and whilst this continues we could see further CHF strength vs Sterling. The Swiss ZEW survey is due out this morning at 10am and if worse than expected we...

Sterling Falls against Swiss Franc by 1.5% (James Lovick)

The pound has fallen sharply again today after what appeared to be a good start to the week. GBP CHF has fallen by almost 1.5% today and the pound has fared badly against all of the major currencies. Manufacturing data from the Purchasing Managers Index was robust and the sector has been supported by the recent weakness in the pound. This however was not enough to calm those Brexit concerns as shown by a big drop in the price of the pound. The Bank of England...

Watch out for the BOE Interest Rate Decision on 4th August (Daniel Charles Johnson)

  With the new PM, Theresa May and her cabinet now in place  I would expect a gradual rally for Sterling against most major currencies. The Bank of England (BOE) interest rate decision on 4th August could hinder a Sterling rally against CHF. There is a high probability of a cut in rates from the already record low of 0.5% to 0.25%. It is the general consensus a cut will occur so I would not expect a significant drop in Sterling's value as it will...

Brexit Looming – Where Next for GBP/CHF Exchange rates? (Matthew Vassallo)

With the UK’s Brexit looming on the horizon (assuming there are no delays by the House of Lords), many clients are now questioning which direction GBP/CHF rates will take over the coming weeks and months? My personal view is that whilst the Pound has gained something of a foothold over recent days, with a move towards 1.26 today, I would not be gambling on a major spike from the current levels. Sterling is still fighting an uphill battle, with investor confidence in the UK remaining...

Sterling rates drop – STEVE EAKINS

GBPCHF rates have been dropping recently and are expected to fall further as concerns mount about the impact of the BREXIT. The latest forecasts is that a BREXIT could result in the UK economy losing over £100 billion, hurtful for the value of Sterling. Moving forward we have the UK inflation report which is expected to show yet another fall and therefore we expect the value of the pound to fall further. If you have GBPCHF transfer to make I personally expect rates to drop further. If...