GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Telephone Post Brexit Talks, Helps the Pound Continues Its Climb Back up Against the...

The pound has continued its rival against the Swiss Franc after seeing a low at 1.1090, the pound has recovered to 1.1880. As the spread of Covid-19 has taken over the world and increasingly dominating headlines for the first part of 2020, it has been the first major topic to overshadow the Brexit story much talked about for the last 4 years in Europe but particularly the UK. With the coronavirus putting the world on lock down it had been feared that with...
Pound to Swiss Franc outlook CHF continues to test highs against major currencies as global tensions rise

Pound to Swiss Franc outlook: CHF continues to test highs against major currencies as...

Swiss Franc enjoys highs as the 'safe haven' currency is driven by global tensions The pound to Swiss franc continues to test the lower levels as a result of both Brexit uncertainty resulting in sterling weakness and the global uncertainty which is most likely pushing the Swiss franc from strength to strength. The Swiss franc retains is status as a safe haven currency and in times of global economic and political uncertainty tends to strengthen considerably just as the price of gold tends to increase...
Pound to Swiss Franc forecast Investors flock to the CHF will the Swiss National Bank curb demand for the Franc?

Pound to Swiss Franc forecast: Investors flock to the CHF, will the Swiss National...

Sterling slides against the Swiss Franc as Brexit and the global economic outlook weigh on the Pound The pound to Swiss franc exchange rate has fallen lower below 1.20 for the GBP vs CHF pair with interbank rates currently sitting at 1.189. The slide in the pound against the Swiss franc has presented those looking to sell Swiss francs with an opportunity to convert when compared to recent months. Brexit is one factor which is most likely putting pressure on the price of sterling, but...
Pound to Swiss Franc exchange rates remain docile despite yesterday's UK political developments

Pound to Swiss Franc exchange rates remain docile despite yesterday’s UK political developments

Movement for the Pound to Swiss Franc pair limited Pound to Swiss franc exchange rates have remained relatively rangebound this week, despite yesterday’s political developments inside the UK. Whilst the GBP/CHF pair is historically less volatile than GBP/EUR for an example, a range of only two cents movement over the past month is testament to the current market uncertainty. GBP has hit a high of 1.2457, whilst trading at a low of 1.2252 within this time frame. This has meant that those clients looking to sell...
Pound to Swiss Franc forecast Will GBPCHF rates fall below 1.20?

Pound to Swiss Franc forecast: Will GBP/CHF rates fall below 1.20?

The pound to Swiss Franc exchange rate has been on steady decline since May when it peaked at 1.3397. Since then, it has fallen to 1.2245 as Brexit uncertainties continue to weigh on sterling, with the market feeling the prospect of a no-deal Brexit has increased. The franc has also risen in value owing to its status as a safe haven currency, and the continued fears over the global economy. Swiss Franc enjoying the benefits of its safe haven currency statue The franc is a safe...
Swiss Franc at 5 month highs vs the Pound

Swiss Franc at 5 month highs vs the Pound

Tory leadership debate does little to help the pound Sterling has remained under a lot of pressure against a number of currencies including vs the Swiss franc. The Tory leadership race is now down to 5 candidates after former Brexit secretary Dominic Raab only managed to get 30 votes. This was short of the required 33 to progress to the next round. Last night we had the live television debate involving the last five candidates. It appears as though Boris Johnson is the clear leader with 126...
Pound to Swiss Franc exchange rates remain docile despite yesterday's UK political developments

Pound to Swiss Franc forecast: Brexit limbo hurting Sterling

Political uncertainty & Brexit cause sterling weakness The pound's value is being predominantly dictated by Brexit. Over the past month sterling has gradually declined in value against the Swiss franc. There is potential for further falls for the pound due to the lack of clarity surrounding Brexit and the leadership battle for the new Conservative leader. There are candidates for the role of Prime Minister who have stated they are willing to bring a no deal scenario back to the table in a bid to get a...
Brexit to continue to drive pound to swiss franc exchange rates

Pound to Swiss franc forecast: Brexit to continue to drive pound to swiss franc...

Since the start of the year the general trend for pound to swiss franc exchange rates has seen the pound strengthen. GBP/CHF mid-market levels started the year in the 1.23s and now are trading in the 1.30s. The pound strengthened as UK Prime Minister Theresa May extended Article50 by 6 months, which means the UK will not leave the EU without a deal. Brexit cross party talks However, in recent weeks the pound has actually lost some momentum against the franc due to Brexit. Cross party talks...
Brexit to drive pound to Swiss franc exchange rates

Brexit to drive pound to Swiss franc exchange rates

Yesterday the PM's deputy David Liddington confirmed that the UK will be taking part in European elections, therefore in my view the cross-party talks between Theresa May and Jeremy Corbyn are over. If the Prime Minister thought that they would be able to come to an agreement in the upcoming days Mr Liddington would not have made the announcement yesterday. Over the last 24 hours the pound has lost some value against the swiss franc due to the uncertainty the announcement has created. Brexit deadlock It...
Pound to Swiss franc forecast - Brexit impasse means a fragile pound

Pound to Swiss franc forecast – Brexit impasse means a fragile pound

Brexit Limbo At present Theresa May is in talks with Jeremy Corbyn in order to try and come up with a mutually acceptable deal to put to Brussels. The problem is May can't even get a deal that is acceptable within her own party let alone Labour as well. Her deal has been rejected three times and Brussels are stone walling us on the Irish border. Brussels have reiterated there will be no changes to the deal on the table yet May continues to try and...