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...
Pound hits best rate to buy Swiss francs in 6 weeks

Pound hits best rate to buy Swiss francs in 6 weeks

The pound is now trading close to a 6 week high to against the Swiss franc which has come as welcome news to the Swiss central bank. Swiss policy makers appear to favour a weaker currency as they aim to control low inflation. Inflation in Switzerland has remained below 1% for quite a while even though interest rates have remained in a negative territory. Since the start of the year as markets have lacked volatility this has kept the demand low for safer haven currencies including...
Pound to Swiss Franc rates: UK housing price growth hits 6 year low

Pound to Swiss Franc rates: UK housing price growth hits 6 year low

Pound to Swiss Franc rates We have seen a fairly stagnant market following the Brexit extension until 31st October. Although a key factor on GBP/CHF economic date releases will now gain back some of their impact. Yesterday saw the ease of House Price Growth data and figures dropped to a six year low. The average house price of across the UK grew by 0.6%, but property prices in the capital fell by 3.8%. The lack of clarity surrounding Brexit is being labelled as the main catalyst. International...
What happens next on GBP/CHF exchange rates?

What happens next on GBP/CHF exchange rates?

The pound to Swiss franc exchange rate has been rather volatile, oscillating in a tight range between 1.2942 and 1.3336 in the last month. There is an expectation that we could see the pound losing further ground with the market bracing for worse news in the future for sterling. Sterling has somehow managed to remain reasonably buoyant amidst all the political uncertainty that lies ahead. This is principally down to the fact that No-deal is now not possible until October 31st and the market is...
Pound to Swiss Franc forecast - Will the GBP/CHF rate drop below 1.30

Pound to Swiss Franc forecast : Will the GBP/CHF rate drop below 1.30?

There is a very strong likelihood that the pound to Swiss franc exchange rate might slip should Theresa May find herself in trickier waters ahead as she attempts to negotiate an extension on the Brexit deadline this week. Pound to Swiss franc exchange rates could easily slip below 1.30, particularly since the Franc is a safe haven currency that can strengthen in times of economic uncertainty. Further troubles ahead for the pound might manifest on Wednesday with the latest industrial and manufacturing data released, showing...
GBP to CHF weakness after no majority for alternative Brexit

GBP to CHF weakness after no majority for alternative Brexit

The pound to Swiss franc exchange rate still struggles to push higher amidst global uncertainty and the pressing issue of Brexit. The Swiss franc maintains the higher ground with its safe haven status amidst concerns of a global slowdown, the effects of which are already being seen across China and the EU. There are now fears that a slowdown is starting in the US which is why the US Federal Reserve has decided to not raise interest rates for the rest of 2019. The...
Pound to Swiss Franc Forecast - Will GBP/CHF rates rise or fall on Brexit?

Pound to Swiss Franc Forecast – Will GBP/CHF rates rise or fall on Brexit?

The Brexit date of 29th March has been delayed to the 12th April or the 22nd May as the EU provide a lifeline to the UK to help them avoid a no-deal scenario. This has helped the pound to rise and has provided some of the best rates to buy Swiss Francs in many months. The outlook for the pound is now looking much less rosy as investors await the latest news on Brexit and to see if the House of Commons will be likely...
Pound to Swiss Franc forecast - Will the GBP/CHF rate drop below 1.30

Pound falls against the Swiss franc owing to third meaningful vote uncertainty

The pound has once again felt the impact of the uncertainty caused by Brexit and the pound has fallen against the Swiss franc during yesterday afternoon's trading session. We are now just over a week away from when the UK is due to leave the European Union and the latest update is that the EU will allow an extension until the end of June if Theresa May can get her deal backed in the next few days. Last night the Prime Minister addressed the public and...