Data Releases of Consequence GBP/CHF (Daniel Johnson)
UK Data Next Week
Tuesday 28th February - Consumer Confidence
Consumer Confidence is a leading index that provides a measurement of consumer confidence in economic activity. High consumer confidence stimulates economic growth, if the data is positive we could see Sterling strengthen against the Swiss Franc.
Wednesday 29th February - Manufacturing PMI, Consumer Credit and Mortgage Approvals
Manufacturing Purchase Managers Index (PMI) provides data on business conditions in the manufacturing sector. It makes up a significant amount of UK GDP so can cause swings in Sterling value.
Consumer Credit...
GBP CHF Falls on Weaker UK Growth Outlook
The pound has fallen against the Swiss Franc today with rates sitting at 1.2650 for the GBP CHF pair. The mood in the UK has turned slightly downbeat largely as a result of concerns over the British economy. After the Bank of England held interest rates last Thursday and reduced the economic growth outlook the pound has remained on the back foot against all of the major currencies including the Swiss Franc.
The uncertainty over Brexit, the political changes we have seen since the UK...
GBPCHF rates fall below 1.25
The pound to Swiss Franc rate has now slipped below 1.25, a trend I did say I expected to take shape this month. Whilst some commentators do foresee the pound finding some strength once Article 50 is triggered I believe there is a strong likelihood that we will actually be more likely to see the pound falter. Brexit concerns are not just going to evaporate however positive the government is over what has been taking place. The overall likelihood is we will actually start...
GBPCHF Sinks!
GBPCHF has slipped further and further as the pound dives and Franc soars on global uncertainty. The Franc is used by investors in times of uncertainty and despite negative interest rates investors like to hold their deposits in the Franc in anticipation of better rates down the line. WIth the pound likely to come under much further pressure due to the Referendum we are bound to see this rate continue to slide. If you are buying CHF I really would suggest moving sooner rather...
Swiss Franc strengthens against Sterling (Tom Holian)
The Pound has continued to fall from its recent highs vs the Swiss Franc as the UK economic data which came out at the beginning of the week was rather negative.
According to a survey published by Markit which measured manufacturing data for April this showed a fall for the first time in 3 years with the figures coming out at 49.2 from 50.7 the previous month.
Anything below 50 represents contraction and with the EU referendum due in just less than 2 months away the...
GBP/CHF When should I trade?
Brexit dictates current GBP/CHF Levels
I have a very strong view that Sterling is currently undervalued against the Swiss Franc. The pound is only at current buoyancy levels due to the uncertainty surrounding Brexit. As some form of certainty is returned I believe the pound will begin a slow steady rally. Trade negotiations are crucial to GBP/CHF levels with normal data releases almost seemingly irrelevant.
Theresa May has been given the go ahead to trigger article 50 by the House of Commons and I expect little...
UK Political Turmoil halts any chance of Sterling Rally (Daniel Johnson)
Political Situation key to GBP/CHF buoancy levels
The UK is currently in political limbo. We have no government in place and there are rumors a mutiny could be on the cards in the conservative party. May has been given 10 days to get her house in order, any change in Brexit stance and we could see a challenge to her leadership.
Theresa Mays's move to call a snap election seemed to be a shrewd one. She then however attacked her core voters by stating that those...
GBPCHF reached its peak – best levels to buy this week
Buying the Swizz Franc has been becoming cheaper in the last week, the reason for this gain has been more sterling strength rather than CHF weakness. The Pound seems to have found its footing and has been climbing against a basket of currencies. This probably due to the inflation report last month which showed a surprising increase and with the big economic release of the month coming later due to Easter the pound has been the currency of favour.
To take advantage of these gains...
Further Swiss Franc strength ahead? (Tom Holian)
The Pound was recently testing levels of almost 1.30 to buy Swiss Francs which was the best rate to buy Swiss Francs with Pounds in months. However, in the last week we have seen the GBPCHF exchange rate fall after the recent issue of rising inflation in the UK.
With just over 2 weeks to go before the UK's general election the Pound has been struggling with the uncertainty as to what may happen when the UK goes to the polls.
The strong likelihood is that...
GBPCHF continues to trend above 1.30 but for how long?
The Pound has found new strength against the Swiss Franc in recent weeks. The UK continues to defy post-Brexit doom with its latest construction and manufacturing PMI. There are other forces at play here, the strength of the Swiss France is linked to global economic factors. We often find that in times of major economic or political events, investors pile into the Swiss Franc due to its safe-haven nature.
With the upcoming US elections, European elections, Brexit and falling oil prices, there is a strong...
