Pound to Swiss Franc - Swiss Franc strengthens due to events around the globe

Pound to Swiss Franc: CHF strengthens due to events around the globe

The Swiss Franc is known as a safe haven currency which means investors buy the franc in times of uncertainty. Over the last couple of weeks the Franc has been gaining ground against most major currencies as events around the globe unfold. Brexit key driver for Pound to Swiss Franc rate Brexit continues to put pressure on sterling and we are still waiting to find out if a vote of no confidence is called. The Prime Minister is in Brussels today meeting with Jean Claude Juncker....
GBP/CHF exchange rates - Brexit - crunch time for Theresa May

GBP/CHF Forecast: Breaking News – Crunch time for Theresa May

Today at 2pm UK Prime Minister Theresa May will ask senior ministers to sign off on her Brexit deal, even though she is facing accusations of betrayal from her previous colleagues. Overnight the PM met with cabinet ministers and discussed the 500 page whitepaper and ex-cabinet minister David Davis and Boris Johnson pleaded that the cabinet reject it this afternoon. Boris Johnson went one step further and told the press that this deal means its the first time in 100 years that the UK wont...
Sterling hits highest buying level against Swiss Franc since August

Sterling hits highest buying level against Swiss Franc since August

The Pound has made good gains against the Swiss Franc over the course of November. The GBP/CHF rate has hit the highest level since August, smashing through the 1.30 level. Sterling strength: Rumours of Brexit deal agreement lead to Sterling boost The main reason behind the rise in value of Sterling is the positive vibes surrounding Brexit. It now appears that a Brexit deal for the UK is edging closer. However, anyone looking to buy Swiss Francs with Sterling still needs to be cautious. The rug...
Will Switzerland’s strong economy ensure the CHF remains strong?

Will Switzerland’s strong economy ensure the CHF remains strong?

The Swiss Franc continues to remain very strong compared with the Pound, and this is reflected in its value which is within 3 cents of its annual high, which was hit at the beginning of last month. Mid-market levels are around 0.77 and the high point was just over 0.80. The highest point in recent times was in the 0.83s a few months after the UK's Brexit vote back in 2016, and these levels are around double those of a decade ago when the Swiss...
Sterling breaks 1.30 against the Swiss Franc

Sterling is up against most majors – Breaks 1.30 against the Swiss Franc

Sterling has risen back above the 1.30 mark against the Swiss franc during trading this week, as uncertainty over a no deal Brexit appears to be lifting, with there now being a chance of a deal being announced as soon as next week. Sterling has risen against a number of major currencies and has broken back above the 1.30 level against the Swiss franc for the first time since July. Next Thursday and Friday we have the next EU summit regarding Brexit which had originally...
Will the upward trend for GBP/CHF continue, and what factors are influencing the pair at the moment?

Will the upward trend for GBP/CHF continue, and what factors are influencing the pair...

It's been a bullish few weeks for the pound's value during September up until now, with the pound gaining on the Swiss Franc by over 3% during this time. Sterling is trading at the highest levels against CHF since early August, which is a similar situation to the pound's performance against the euro. Sterling is climbing against most major currencies at the moment, with hopes of the Irish border issue being resolved shortly. The next EU Summit is just 2-weeks away and I would expect...
Brexit continues to dictate GBP/EUR

Brexit Deadline Day could cause substantial Sterling strength

GBP/CHF - Brexit is still dictating Sterling value at present. There have been signs of progress with Chief Brexit Negotiator for the EU, Michel Barnier stating it is realistic that a deal could be agreed in 6-8 weeks. The current deadline for a deal to be put in place is 18th October, however it is an open secret that an emergency summit could take place on the 13th November to hopefully finalise a deal. I expect there to be high levels of volatility in the build...
Where next for GBPCHF rates?

Where next for the Swiss Franc against the Pound?

After hitting its best level to buy Swiss Francs in a month at the start of the week we have seen the Pound start to fall after some political tensions in the UK. The reason for the previous gains was that it appeared as though the tone towards the UK in terms of the Brexit talks was improving with EU Chief Brexit Negotiator Michel Barnier claiming that a deal may occur in the next 6-8 weeks. However, the gains for Sterling appear to have reversed with...
GBPCHF spikes on Brexit optimism

GBPCHF spikes on Brexit optimism

The Pound has risen against most currencies including the Swiss Franc as investors warm to comments from the EU's chief negotiator Michel Barnier, who has indicated a deal could be a possibility in the coming weeks. Details are slim but this another example of the positivity that has been helping the pound to find form of late. GBPCHF is currently trading at 1.2740, some of the best rates in nearly a month for Swiss Franc buyers with Sterling. This week is a vital one for...
Swiss Franc continues to make gains on the Pound

Swiss Franc continues to make gains on the Pound

The Swiss Franc has gone from strength to strength against Sterling this year so far, and rates to sell Swiss Francs and buy Pounds are virtually at the best rates we have seen in the past 12 months. This is brilliant news for those that work in Switzerland and send money back to the U.K but not such great news for those looking to purchase property over in Switzerland! The reasons behind these movements are quite clear, Brexit talks are quite clearly dragging and not going...