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...
Pound to Swiss Franc Forecast: GBP/CHF rate hits near 1-year high

Pound to Swiss Franc Forecast: GBP/CHF rate hits near 1-year high

It is now very close to the best time to buy Swiss Francs with pounds since May 2018. The stronger pound and a reduced global risk appetite has seen the move on the GBP/CHF pairing. This is presenting a much improved opportunity to buy Swiss Francs with pounds. Any client wishing to buy or sell on this pairing might benefit from a quick review with our team to best understand what is next, and the potential outcomes. Pound to Swiss Franc Forecast: Brexit key driver...
GBP to CHF Uncertain before Brexit Vote 12th March

GBP to CHF Uncertain before Brexit Vote 12th March

The pound to Swiss Franc exchange rate still struggles to make any material gains amidst global concerns for economic growth and the uncertainty around Brexit. Rates for the GBP CHF pairing are now hovering around the 1.32. Whilst the pound has been boosted in recent weeks on optimism that a deal between the UK and EU will be reached, there still remains deep uncertainty on whether the Government will be able to get the deal through Parliament. Meetings between the attorney general Geoffrey Cox...
GBP/CHF exchange rates: A good start to the year, but what next for Brexit?

GBP/CHF exchange rates: A good start to the year, but what next for Brexit?

Since the start of the year GBP/CHF exchange rates have increased from 1.2377 to 1.3212 at the time of writing this report. To put this into monetary value, a client that converts £200,000 into CHF could now achieve an additional 16,700 Swiss Francs. Sterling strength as no deal Brexit outcome fades The pound has been gaining momentum across the board as the market prices in the fact that the UK is less likely to depart the EU without a deal. UK Prime Minister Theresa May...
Pound to Swiss Franc rates: UK housing price growth hits 6 year low

GBP to CHF rate hovers over 1.32 awaiting new Brexit developments

The pound has rallied higher against the Swiss Franc with rates for the GBP/CHF pair now sitting over 1.32. Pound to Swiss Franc exchange rates have been lifted on the back of some optimism over Brexit, that a deal will be reached between Britain and the EU. The markets are awaiting developments over the contentious Irish backstop which could pave the way forward for a deal. In particular there have been meetings in the EU with the UK’s attorney general Geoffrey Cox to try...
Strong Trade Balance data supports the Franc

Strong trade balance data supports the franc

The Swiss Franc has been boosted during early morning trading as investors find the latest Trade Balance data supportive of the economy, with the Trade Balance data coming in showing a surplus of CHF3bn. The strength of the Swiss economy is its exports; in watches, chocolate and specialized industrial engineering. The franc has risen marginally and this could represent a stronger Swiss franc down the line as investors back a stronger economic outlook. GBPCHF levels have been flirting with the 1.30 level on uncertainty over...
Mark Carney steadies GBP/CHF rates on global viewpoint

Mark Carney steadies GBP/CHF rates on global viewpoint

The pound to Swiss franc exchange rate has been steadied following comments from Mark Carney during a briefing on the global economy at the Barbican centre in London yesterday. I was fortunate to be in attendance and was struck by Carney's confident manner, although he highlighted some major risks ahead which would be key for GBP/CHF rates. Sterling was weaker going into the talks, particularly as Theresa May has once again kicked her plans further down the road in providing a meaningful vote on Brexit...
GBPCHF rates hit near 3-month highs

GBPCHF rates hit near 3-month highs

The Pound to Swiss Franc exchange rate has soared dramatically following a series of revelations in the currency markets and global economy. A big factor is of course Sterling strength, which has arisen on the back of increased feelings that the UK will avoid a no-deal Brexit. This could manifest next week in a Parliamentary vote on whether or not to rule out a no-deal Brexit. The Pound is much stronger on this news, plus the feeling that Brexit might ultimately be delayed in the...