GBP/CHF Forecast – Sterling Strengthens Ahead of Carney’s Speech (Matthew Vassallo)

The Pound has found some support over the past week, gaining almost two cents on the CHF at its high. GBP/CHF exchange rates are continuing to float around 1.25, following positive comments made last week by Bank of England (BoE) governor Mark Carney. Carney alluded to a prospective interest rate hike over the coming months, although with no timeline given on the prospective height, are we witnessing something of a false dawn for Sterling? The Franc has found support under 1.25, despite worse than expected inflation data...

Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

This morning saw the release of UK unemployment figures which came in better than expected but has done little to bolster Sterling against the majority of major currency pairings. There are several significant factors causing the Pounds weakness. the pending EU referendum, the Chinese slow down and worrying inflation levels hindering any possibility of a rate hike.  The question is could things get worse? Personally having evaluated the situation in great detail if I was a CHF seller I would probably look at take...

Sterling falls against the Swiss Franc as safe haven buyers pile into the Swiss...

The Pound has continued to struggle against the Swiss Franc following on from last night's US Federal Reserve's interest rate decision to keep interest rates on hold in the world's biggest economy. The increasing negative news from the UK economy following the Brexit is also causing the Pound to struggle against the CHF. With the US Federal Reserve keeping interest rates on hold last night this has caused global investors to look for safe haven currencies including the Swiss Franc. Four countries including the Czech Republic have...

GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)

GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years. The Pounds woes have been well documented but with a key day of economic data releases ahead, is it all about to change? This morning we will get a ruling from the high court on whether the now infamous Brexit vote must be ratified by MP’s in Parliament. If this is indeed the case we may see Sterling gain...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

Will the pound rise further against the Franc? Will North Korea spring back to...

The pound to Swiss Franc rate has been rather volatile lately for all number of reasons, namely the movements on sterling relating to the prospect of UK interest rate hikes. A huge driver on the Franc which is a safe haven currency has been the North Korean situation which has seen the pound lose ground against the Franc as investors pore into the Swissie. Basically as tensions escalate on the North Korean rhetoric the Franc has strengthened as markets pile into the haven currency. There are...

Pound to Swiss Franc rate trading around post-Brexit vote highs, will the trend continue?...

The rate for exchanging Pounds into Swiss Francs is now trading well into the 1.32's, which are the highest levels seen since the Pound fell dramatically in the wake of the Brexit vote which shocked the global markets. Now that global markets appear to be recovering which is underlined by rising interest rates in a number of developed nations, currencies such as the Swiss Franc and Japanese Yen which are considered safe haven currencies have begun to soften. This is because investors no longer fear holding...

GBP/CHF Rates Drop During Tuesday Trading (Matthew Vassallo)

GBP/CHF rates have dipped during Tuesday’s trading, with the pair dropping to 1.4380 at today’s low. The pound has struggled across the board so far this week and this morning’s Industrial & Manufacturing Production figures have only enhance that trend. Both came out below expectation and this is likely to be the catalyst for today’s drop. The CHF has benefited from the recent downturn in UK data and has gained almost 6 cents in the last month against GBP. This has provided some excellent selling...

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...

Buying Swiss Francs – NIESR Numbers Today To Drive Sterling (James Lovick)

GBP CHF remains under considerable pressure following the British vote to withdraw from the EU with a continued flight to safety to the Swiss Franc. Despite some more upbeat UK retail sales data released overnight which arrived at the highest level for 6 months it hasn’t done the pound any favours today. All the same it is a positive release following Brexit and should be considered as an indicator for the health of the economy. Later this morning sees key releases for manufacturing production and...