GBP/CHF rates tumble following ECB decision (Joshua Privett)

GBP/CHF rates have taken a massive dive today following another clear example of a seriously negative events bolstering a safe-haven currency such as the Swiss Franc. In this instance, the European Central Bank decided to cut their base interest level to 0.0, in a bid to stimulate spending due to their recent worries with deflation. This decision signaled a mass sell-off of Euros and the capital was moved into nearby safe-haven currencies, in this case the Swiss Franc. Severe increases in demand are what regularly cause the...

Sterling Crashes Lower against Swiss Franc (James Lovick)

The pound has received a hammering today after the announcement from Theresa May that Article 50 will be invoked by the end of March 2017. This is a major step forward as she has effectively given some guidance as to what will now happen in this Brexit situation. As to be expected the pound reacted negatively with rates falling across the board including the Swiss Franc.  GBP CHF has fallen below 1.25 today testing new lows as the Swiss safe haven currency maintains its allure and...

Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)

The Swiss Franc has seen continued strength residing in the 1.38’s against the Pound. Whilst the Euro and Sterling battle against external factors the Swiss Franc has been seen as a safe-haven to put money whilst the market is volatile. If you are looking to sell Swiss Francs, there may be movements in your favour over the coming weeks. Furthermore in light of the horrendous terrorist attacks in Brussels the Swiss Franc may see further movement in its favour. The Swiss National Bank kept interest rates...

Swiss Franc Strength in Run up to Article 50 (James Lovick)

The Swiss Franc continues to hold the higher ground as global uncertainty continues to dominate the markets. UBS Consumption Indicator is released tomorrow morning which should give some further clues to as the health of the Swiss economy. The numbers are important as the consumption is the most important component of Swiss Gross Domestic Product (GDP). A strong number this morning that signals a buoyant economy could help support the Swiss Franc further. Meanwhile as far as GBP CHF is concerned, Article 50 will be...

GBP/CHF Rates Rise Following UK Manufacturing Data (Matthew Vassallo)

GBP/CHF rates have jumped during the first official day of trading in 2017, with the pair hitting 1.2657 at today’s high. The Pound gained support this morning following positive UK Manufacturing data, which came in well above market expectation. This increased market confidence in the UK economy and the Pound has ultimately benefited as a result, gaining a cent on the CHF. Investors will follow economic data releases extremely closely and generally factor in the expected outcome. When we see a release outside of the expected...

GBPCHF slides even further!

As the slide for the pound continues so too do we witness a slide on the GBPCHF exchange rate. Exactly where this will go is very difficult to tell but since the CHF is a safe haven currency and benefits in times of uncertainty, the likelihood is that the pairing will continue to move in one direction. It is tricky to make accurate predictions in this market but I would not be surprised to see the rate touching the lower levels of say 1.20...

GBP vs Swiss Franc falls 3 cents (Tom Holian)

Sterling vs the Swiss Franc has fallen by as much as 3 cents during today's trading session as the UK feels the effects of Boris-Gate. The Swiss Franc is often used a safe haven currency and as confidence in the Pound has plummeted this has caused the CHF to strengthen falling into the 1.38 levels today. UK GDP is due out on Thursday and any signs of further falls could see GBPCHF rates get even worse than they are at the moment. If you have a currency...

Will the pound continue to rise against the Franc?

The GBPCHF rate has been improving for Franc buyers as confidence over the progression of Brexit increases. The Franc is most famous for being a 'safe haven' currency which means it performs well in times of uncertainty. Well, the opposite is also true with increased certainty in financial markets encouraging investors to seek out a higher and more rewarding return further afield. If you need to buy the Swiss Franc with the pound we are now at some of the best rates to buy since...

Will the Pound fall following Wednesday’s GDP data? (Tom Holian)

The currency markets appear to have started to lose faith in Sterling recently as the Pound continues to struggle against the Swiss Franc. Politically the UK is still very unstable and in the weeks since the beginning of the Brexit talks they don't appear to have gone very well so far. Indeed, Sterling is still very low against the Swiss Franc and the next potential for exchange rate movement will come on Wednesday morning when the UK releases its latest set of GDP data for the...

GBPCHF rises but for how long?

Finally sterling has found some support against the Franc as investor sentiments over what is around the corner for the pound recovers from the very worst fears and speculation mounts that the ECB will need some further stimulus to help their campaign to raise inflation back to 2%. The outlook on the pound is still very shaky but we would not be surprised to see the rates fall back to lower levels as we approach the Referendum! If you have a transaction to consider involving...