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...
Sterling strengthens against CHF

Sterling strengthens against CHF

GBP/CHF - Sterling has been anchored of late due to the lack of clarity surrounding Brexit. Secretary of State for Trade, Liam Fox recently said that he believes there is a 60% chance of a "no deal" scenario. The Irish border has been a point of contention for some time along with customs union access. We have seen Sterling rally against the Swiss Franc yesterday following news that Brexit Chief negotiator Michel Barnier stated "We are prepared to offer Britain a partnership unlike with any other...
GBP/CHF - The Franc's Safe Haven Status is a Mixed Blessing for Swiss Economy

GBP/CHF – The Franc’s Safe Haven Status is a Mixed Blessing for Swiss Economy

The Pound’s value has tumbled against the CHF over the past month, losing almost 5 cents at its recent low. GBP/CHF have levelled out slightly over the past few days, with the pair currently trading just under 1.27. The Pound has been under pressure for some time with investors shying away from Sterling, as on-going concerns over Brexit continue to handicap any major advances. If recent media reports are to be believed, then there is seemingly an increasing chance of a no-deal scenario with the EU. If...
Sterling strengthens against CHF

Swiss Franc Strength as Safe Haven Status Returns

The Pound has fallen sharply against the Swiss Franc on the back of the Turkey crisis which is creating uncertainty throughout the financial markets globally. Rates for GBP CHF have now fallen below 1.27 as investors seek the safety of the Swiss Franc to avoid the global risks elsewhere. It has been a long time since this type of currency behaviour has been seen for the Swiss Franc and there may be more to come. The Pound is also trading at lower levels against...
Sterling strengthens against CHF

GBPCHF – The Brexit barometer

GBPCHF hits 2018 low on no-deal Brexit fears The Swiss Franc has been in the ascendancy against Sterling as fears over a hard Brexit increase. The Pound has been taking a real battering this week as investors sell off the Pound to find more stable shores. GBPCHF is an excellent barometer of Brexit confidence and the fact it is at the lowest point of the year reflects the recent slump in confidence relating to the lack of coherent plans over the UK’s departure from the...