GBP/CHF Rates Fall Following Brexit Comments (Matthew Vassallo)

GBP/CHF rates have fallen over the past few days, with the pair now trading under 1.25 again. The Pound’s run came to an abrupt halt yesterday following comments made by a senior EU negotiator and former Belgium Prime Minister, Guy Verhofstadt. He stated that any decision regarding a future deal with the UK would have to be ratified through European Parliament and as such the UK was unlikely to get the deal it wanted following the triggering of Article 50. This immediately sapped investor confidence in...

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...

GBP/CHF Rates Drop Ahead of Christmas Slowdown (Matthew Vassallo)

GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due to investors pulling their funds away from it and into safer haven currencies such as the CHF. Sterling had moved through 1.29 only a few days ago before retracting to the current...

Sterling Under Pressure Following Poor Showing on Super Thursday’ (Matthew Vassallo)

Sterling has come under pressure during Thursday’s trading, following some poor UK economic data releases. Today was dubbed ‘Super Thursday’ by investors, due to host of key releases for the UK economy. The Pound was immediately on the back foot this morning though, following poor Manufacturing & Industrial Production figures. These came out under market expectation and the Pound started to lose value against the CHF. Despite inflation data in Switzerland coming out lower than predicted the CHF gained value, as investors sold off Sterling positions...
Pound finds support against the Swiss Franc but for how long?

How will the Election effect GBP/CHF? (Daniel Johnson)

Labour gains ground The Conservatives were in a very strong position following the election announcement. A snap election historically causes the currency in question to weaken, but on this occasion the opposite occurred. A Torie victory is deemed to be positive for the UK economy. Investor confidence grew and the pound strengthened as a result. With the election now closer than previously expected I would expect to see Sterling weakness due to political uncertainty. Looking at the last general election, we did not see any...
Pound finds support against the Swiss Franc but for how long?

Will GBPCHF rates remain above 1.25?

The pound to Swiss Franc exchange rate remains in a volatile position susceptible to risks of deterioration from outside global events. The Franc being a safe haven currency leaves it at the mercy of some international events which can cause a flight to safety as investors use the Franc's stability and strength as a safe haven from risky factors elsewhere. The outlook on the GBPCHF rate for me is likely to see a stronger Franc as the pound whilst more resilient is likely to...

Sterling vs Swiss Franc continues to fall as UK economy looks set to struggle...

According to Bank of England deputy governor Ben Broadbent the drop in the value of Sterling has helped to stop the UK economy from falling further since the shock of the Brexit vote. He went on to say 'in the shape of the referendum, we've had exactly one of those shocks' and added that the Bank of England would not interfere with monetary policy to boost the Pound's value. This was similar to Bank of England governor Mark Carney's comments made last week and it appears as...

What has the potential to move GBP/CHF this week?

On Tuesday at 09.30am we will see the release of UK public sector net borrowing. I expect a slight increase which could weaken Sterling against the Swiss Franc. I expect Thursday to have the highest potential for volatility on GBP/CHF. At 08.15am we will have Swiss industrial production followed by UK GDP at 09.30am. I would expect to see a contraction on GDP due to a potential “Brexit” causing businesses to hold fire on trades due to the uncertainty as to which way the...

GBP/CHF rates relatively stable ahead of ECB meeting (Joshua Privett)

The value of the Pound against most of its counterparts on the currency markets has been swinging wildly in recent days, yet GBP/CHF has been relatively steady. Even this morning the net change has only been 0.02%, a paltry amount compared to a GBP/EUR increase of 0.8% just yesterday. This is all tied to the anticipation that the European Central Bank may be announcing further financial stimulus next week. The Swiss Franc, as a well-known safe haven currency, is set to benefit hugely should this announcement come...

Swiss Franc (CHF) to weaken in the coming weeks against Sterling? (Daniel Wright)

The Swiss Franc has been a funny character of late, remaining fairly close to the pivotal point of 1.40 against Sterling and holding ground against most major currencies. Sooner or later it is likely that we will see the rate break free from the 1.40 level and in my personal opinion I feel that the rate will climb up into the 1.40s rather than drop off again. It appears that the Swiss National Bank still have devaluation on their agenda and by no means does...