Sterling breaks 1.30 against the Swiss Franc

CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)

It’s been a volatile day for GBP/CHF exchange rates, with over a two cent from high to low. Sterling found plenty of support following the Bank of England’s interest rate decision and monetary policy statement this morning. As expected the central bank kept rates on hold at 0.5% and whilst there was no change in the current stimulus programme, it was governor Mark Carney’s speech that caused the markets to react. Carney was far more bullish than many anticipated and said that the central bank would look...
GBP to CHF Forecast: Is the CHF Still a Safe Haven Currency?

What will be the key factors to the value of CHF? (Daniel Johnson)

Swiss Unemployment could cause a swing in CHF value The Key data release from Switzerland this week is unemployment, due to be released early on Friday morning. The unemployment rate is delivered by the State Secritariat for Economic Affairs (SECO). It shows the figure of unemployed workers divided by the entirity of the civilain work force. If the figure is positive and comes in better than the expectation of 3% we could see Swiss Franc strength. It also is not just about the immediate impact as...

GBP CHF Weakness Amidst Brexit Negotiaions

The pound has come under pressure against the Swiss Franc this week as Brexit discussions intensify. The EU lead negotiator Michel Barnier is in London today to discuss the future relationship between Britain and the EU and there appears to be a big drive to try and reach a deal, for the time being anyway. The statement however from the British government this morning which has made it abundantly clear that Britain will be leaving the customs union appears to be having a negative impact...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP CHF Slips Back from 1.33

GBP CHF exchange rates have found support after what has been a steady week for the pound. Despite choppy trading the pound has been trying to push higher to 1.33 against the Swiss Franc. The Swiss Franc still remains one of the most overvalued currencies although this is unlikely to change anytime soon. The safety of the Franc is a lure for investors abnd with developments in the US and general global uncertainty the Swiss Franc is likely to remain strong. UK data is light tomorrow...

Swiss data slightly better than expectations as we near the end of the trading...

This morning saw the release of Swiss PMI (Purchasing Managers Index) data in early morning trading, which gave the Swiss Franc a slight lift against most major currencies. PMI data is a measure of business conditions in the manufacturing sector and any figure above 50 on the measure is seen as a positive. Expectations for the release this morning were for a figure of 64.0, however the actual release came out at 65.3 which is very good news for Swiss business and the Swiss Franc,...

Could we see gains for CHF? (Daniel Johnson)

GBP/CHF - The Swiss Franc has gained ground over Sterling during recent trading and this could be set to continue with Phase two of Brexit talks shortly to commence. UK Chief Negotiator, David Davis and EU Chief Negotiator, Michel Barnier are far from being on the same hymn sheet in regards to Brexit. Davis has accused EU services of approaching UK companies and advising them to relocate their head quarters to the EU or risk losing their contracts. Davis is clearly not happy as the...

CHF Forecast – Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

GBP/CHF rates have fallen during Friday’s trading, ending Sterling’s positive run from earlier this week. All eyes have been on the Davos economic summit in Switzerland, where global leaders have met for the annual review of the financial global markets. Key figureheads including UK Prime Minster Theresa May, US President Donald Trump amongst other, have shared their views on the financial global climate. Switzerland remains one of the key financial hubs and despite the CHF being overvalued against both the Pound and EUR, according to various financial...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Sterling continues recovery as positive sentiment increases (Joseph Wright)

The Pound has continued to climb against the majority of major currency pairs in recent weeks, as there appears to be a complete change in sentiment towards the UK economy and the prospects of a higher valued Pound. Towards the back end of last year Sterling was under pressure as poor economic performance coupled with fears of a Hard Brexit dominated financial headlines, although the sentiments seem to have reversed in recent weeks with the Pound hitting the headlines for positive reasons. EU members such as...

GBPCHF close to an 18 month high

Its not been a great day for the pound vs the Swiss Franc and exchange rates have dropped 0.85% however exchange rates are still close to an 18 month high. Brexit sentiment has changed in the last 3 months as the UK and EU have begun trade negotiations and its likely that a deal will be formed at some point throughout the year. This week leaders from around the globe have met in Davos, Switzerland to discuss the global economy. Exchange rates have seemed to...
GBP to CHF remains buoyant at higher levels over the week

Swiss franc losing ground against Sterling at a rapid pace Swiss Franc also shown...

We have recently seen quite a movement for the Swiss Franc against the Pound, mainly down to a wave of positive vibes around brexit and how the economy is performing post the referendum. Many analysts had thought that the U.K economy would have been hit a lot harder following the vote from the U.K to leave the EU however at present the dip that they had expected has been nowhere near as severe. The Swiss Franc is performing fairly well against other major currencies, hitting the...