Will next months vote create volatility for the Swiss Franc?
Next month on the 10th of June there will be a key vote in Switzerland. It's being labelled as 'Vollgeld' and it pertains to whether the Swiss want to reform their monetary system in an unprecedented way.
There hasn't been much talk of this Referendum in the economic world outside of Switzerland because a 'Yes' vote is apparently highly unlikely. I guess there are parallels with the Brexit vote which few expected, so I wouldn't rule out a major move for CHF exchange rates should...
Poor 2018 for Swiss Franc so far, will the downward trend continue?
A quick glance at a chart showing the Swiss Franc's performance this year makes for simple reading, as the trend is generally downward against all major currency pairs.
There have even been reports of cross-border shopping trips from Switzerland to the surrounding countries declining, as the spending power of the Swiss Franc has diminished quite considerably in the last few months.
At the time of writing the CHF/USD pair are sitting almost exactly on 1.00 which is the lowest level since May of last year. This...
Swiss Franc Weakens on Higher Confidence in Global Economy
The Swiss Franc has come under pressure in recent weeks which would suggest that optimism for the growth prospects of the global economy are improving. The Swiss Franc as a safe haven currency generally performs extremely well in times of global uncertainty and when things improve there is usually a direct correlation. The Swiss Franc has now weakened by nearly 4% over the last month and over 6% in the last 60 days.
It is worth highlighting that the Swiss banks actually pay their depositors...
Will the Pound continue to make gains vs the Swiss Franc?
The Swiss Franc has been weakening recently as global investors appear to be moving away from the safe haven of the Swiss banking system.
The US Federal Reserve have continued to increase interest rates during last year and have already hiked rates during 2018 with further rate hikes expected later on this year.
With the Swiss interest rate so low this has encouraged investors to sell the Swiss Franc in favour of the US Dollar hence the weakening over the last few weeks particularly vs the...
Will GBPCHF hit 1.40 or 1.30 first?
The pound to Swiss Franc rate has traded in a fairly tight range this week as a lack of any new fresh information to drive financial markets so far. A major driver for the Franc has been risk-sentiment as investors attitudes to risk shape the way they look at investing in certain currencies. As a safe-haven investment, the Swissie has been stronger and weaker according to such demands.
Lately, the pound has been very strong helping drive GBPCHF to the post-Referendum highs, now we are...
Swiss Franc losing its safe haven status?
In recent weeks you would have through that the Swiss Franc would have benefited from trade wars and the recent military action from the West on Syria. However in fact the Swiss Franc has lost value which leads me to believe that the Swiss Franc has lost some of its 'Safe Haven' status. It has been the US dollar, euro and Yen that have strengthened off the back of global events.
The Swiss National Bank presently run an extremely dovish monetary policy system with interest...
CHF Forecast – Global markets Impacting CHF’s Value (Matthew Vassallo)
GBP/CHF rates have improved over the past week, with the pair trading close to 1.38.
The Pound has seen its value increase across the board, with its recent upturn linked to progress with Brexit talks and a strong run of economic data.
The fact that Brexit has not been front page news over the past week has also helped support Sterling’s rise, with no negative reports sapping investor confidence.
This lack of media coverage is unlikely to last in my opinion and a such those clients holding...
Best rates to buy Swiss Francs since 2016!
We currently have the very best rates to buy Swiss Francs since the Referendum as confidence over the future outlook on Brexit continues to drive sterling. A weaker Franc is also part of the equation as we see risk appetite increasing in recent weeks, the overall driver on the market is now reduced fears over the Trade Wars and increased improvements in the global economic outlook.
If you have any currency transfers that you will need to make in the future getting the best news...
Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to...
The Pound to Swiss Franc rate has been boosted recently, mostly owing to CHF weakness but the positive sentiments surrounding the UK at the moment have also helped.
Over the past week GBPCHF is up by almost 1.5% and over the past month it's up by almost 4%. Around the middle of last month Sterling was boosted across the board of major currencies after news broke that the Brexit transitional deal has been agreed between the UK and EU negotiators. Hopes of an interest rate...
GBP CHF Breaks 1.35
The Swiss Franc has come under another wave of pressure with a devaluation through this week. Rates for GBP CHF have now climbed to 1.35 this afternoon presenting those clients looking to buy Swiss Francs with some of the best opportunities to purchase since the Brexit vote for Britain to withdraw from the EU. A member of the Swiss National Bank Andrea Maechler was recently reported saying that “The pressure on the Swiss Franc is still there, the currency has devalued and the over...
