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...
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...