Swiss Franc Returns to the 1.39’s.

For the first time in 3 weeks the CHF has moved below the 1.40’s. This has been of the back of Sterling weakening due to the uncertainty as to which way the Referendum vote will go. The security provided by the Franc as it has far less factors contributing provides a safe haven for market investors. The Swiss Franc is well known for not moving huge amounts day to day, however there have certainly been larger swings than usual recently. I would not be surprised...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

GBP CHF Breaks 1.33 on Brighter Brexit Outlook

The Swiss Franc remains strong as it retains its lure as a safe haven currency. However a member of the Swiss National Bank (SNB) Fritz Zurbruegg said yesterday that the central bank remains ready to intervene to curb upward pressure on the Swiss Franc in a bid to artificially weaken the Franc. The SNB has had to intervene in the past which has created immense market volatility for Swiss Franc exchange rates and the central bank appears to be warning the markets that there could...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

Will the SNB raise interest rates?

The Swiss National Bank (SNB) could be moving forward in their process of raising interest rates according to current reports with the previous Q4 2019 hike predicted to become reality in Q3. This minor shift in expectations is positive for the Swiss Franc and gives the market some news to be targetting and assessing in deciding the value of the CHF. With interest rates in Switzerland having been at -0.75% since January 2015, the future guidance could see the Franc strengthening as investors price up the possibility...

GBP/CHF rate jumps after ECB member comments (Ben Fletcher)

The GBP/CHF rate jumped to the 1.41’s this morning after an article in which Jens Weidmann who is the head of the Bundesbank and a Council member of the ECB, heavily criticised the current economic measures. The article that was published by German newspaper Die Welt has caused major movements in the market with the GBP/EUR moving into the 1.28’s for the first time since April. Weidmann also commented on the Greece situation and suggested that reducing their deficit was not the main focus currently....

Swiss Franc Strengthening Further

The Swiss Franc strengthened further with the GBP/CHF rate dropping into the 1.34’s for the first time in 15 months. The recent drop further emphasises the “safe-haven” status the Franc has as more investors keep moving their currency to protect it from the volatility currently in the markets. It seems very likely that this trend will continue in the run-up to the Brexit so if you need to purchase Swiss Francs I suggest you do so sooner rather than later. Today the Unemployment rate and 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...

GBP/CHF gearing up for Theresa May’s speech at 11:45 GMT (Joshua Privett)

The Pound has been subjected to a heavy amount of pressure as we progress further into 2017, with GBP/CHF rates being one of the heaviest losers. The pairing is now trading at a similar level to GBP/USD levels below the 1.22 mark. Their is an enjoyable symmetry between the two from an analysts point of view. Both are well regarded as safe-haven currencies, and in this time of increased uncertainty, both have almost the exact same value in the marketplace against the likes of the...

Brexit still the main market mover on GBP/CHF (Daniel Johnson)

Exit Bill is short to say the least Thereasa May sparked controversy yesterday when she delivered an exit bill consisting of just 130 words. MPs will only have five days to amend and debate the bill. Ministers did say the bill would brief, but eight lines of text is taking the biscuit and leaves little for date. Jeremy Corbyn wasted no tome in attacking the bill and it has become apparent that he is too weak to oppose the bill as he had stated previously...

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...