Why Britain’s ‘Brexit’ Could Boost The Swiss Franc (Joseph Wright)
Those holding Swiss Franc’s could benefit off the back of Britain’s political uncertainty this summer, as both market speculators as well as those looking to hedge their exposure to the Pound seek the safe haven currency in order to hedge against potential losses.
Fundamentally there are a number of reasons for the Swiss Franc’s strength as of late, but I think ‘Brexit’ concerns are perhaps the biggest current driver of CHF strength, as not only those holding Pounds look to hedge but also Euro investors...
Sterling on the Ropes Following Theresa May’s Comments! (Matthew Vassallo)
Sterling is on the ropes following Brexit comments made by UK Prime Minister Theresa May over the weekend.
It’s been a tough day’s trading for any clients holding the Pound with losses against all of the major currencies. GBP/CHF rates have dropped by a cent and a half with the pair now trading in the mid 1.23’s, following the high of 1.24765.
UK Prime Minster has increased market fears surrounding the UK’s upcoming exit from the EU, as she stated the UK would look towards a...
Sterling likely to remain under pressure in the upcoming months (Joseph Wright)
The Brexit remains within the headlines on a daily basis at the moment as the fallout from the vote continues to have an impact.
Since the UK Prime Minister, Theresa May announced that the UK will invoke Article 50 in March of next year, we've generally seen the Pound continuously weaken off with the GBP/CHF pair falling as low as we've seen over the past decade.
The Pound hasn't been helped by a number of prominent European figures outlining a hard line approach with regards to...
Will the pound keep rising against the Swiss Franc?
Will the pound keep rising against the Swiss Franc is a question I have been asked a lot lately as the pound has risen just recently following the appointment of Theresa May as Prime Minister the market has found support because we now do finally have some good news. This has caused sterling to rise but also because the Swiss Franc is used as a safe haven currency in times of uncertainty the Franc has weakened. Therefore if you need to buy the Swiss...
Will GBPCHF rise higher anytime soon?
I did warn that this pair would more than likely continue to slide and so it appears to be the case. With the market focusing squarely on the uncertainty ahead for the UK and investors carefully considering just how likely any pound sterling strength will be in the future, the pound continues to slide! So it looks likely to continue and the GBPCHF rate could easily break through the 1.20 level in the future.
Looking at what is actually driving the market in the future...
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...
What can we expect next for the Swiss Franc?
The Swiss Franc has weakened against sterling towards the end of this week as some stronger than expected GBP data on Retail Sales has seen the pound gain in value against most currencies. What has been a major driver on the Franc has been attitudes to risk which with the US economy and Eurozone economy posting positive data, has seen attitudes to risk improve.
The Swiss Franc has weakened as investors attitudes to risk has changed, the Swiss Franc is a safe haven currency so...
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...
Will North Korea break out in war! Will GBPCHF settle above or below 1.30?
As North Korean tensions escalate the Swiss Franc has strengthened as Trump has been accused of declaring war on North Korea. Ri Yong Ho is the North Korean foreign minister and this is what he has claimed, the Swiss Franc has strengthened on the back of this uncertainty. If you need to buy Francs with pounds this is the type of news to be aware can have a great influence on the rates. However I would not be surprised to see it die down...
GBPCHF at best rates since Referendum! What can we expect next on GBPCHF?
The pound has risen against the Swiss Franc as we get closer to understanding just what Brexit means for the UK and global concerns ease, weakening the Franc. The pound is essentially a barometer of progress on Brexit whilst the Swissie is effectively a barometer of global attitudes to risk. At present, a weaker Franc and stronger pound is presenting a good opportunity for CHF buyers, will this last?
The Franc looks likely to remain on the weaker side and it would not be wholly surprising...
