GBP/CHF Forecast: Swiss Franc at best level against the Pound in over a year

GBP/CHF Forecast: Swiss Franc at best level against the Pound in over a year

GBP/CHF forecast: Brexit uncertainty causes Swiss Franc to gain vs the Pound The Pound is now trading at its lowest level to buy Swiss Francs in over twelve months as the political uncertainty surrounding the UK is continuing to negatively affect the value of Sterling exchange rates. Clearly the uncertainty of what may happen in the next three months before the end of March is causing investment in the UK to drop off in favour of more safer currencies, including both the US Dollar and the...
GBP/CHF forecast: Swiss economy forecasts for 2019 cut as Switzerland shows signs of a slowdown

GBP/CHF forecast: Swiss economy forecasts for 2019 cut as Switzerland shows signs of a...

GBP/CHF forecast: The outlook for the Swiss economy was cut just yesterday after it was reported that the economic output for the 3rd quarter of this year showed a contraction. Gross Domestic Product figures, which measure a country's economic output have now been cut for this year as well as next year which has softened the Swiss Franc only slightly so far. The economic growth has been hit by a stronger CHF which has lowered exports and the construction sector has also slowed down. Growth expectations...
SNB leave interest rates on hold - what next for GBP/CHF rates

SNB leave interest rates on hold, what next for GBP/CHF rates?

This morning the Swiss National Bank have left interest rates on hold at 0.75%, and market reaction between GBP/CHF has been limited. The Swiss Franc has rallied slightly against the US dollar and the Euro as forecasters were suggesting the SNB could cut interest rates further, however the events last night in the UK I believe outweighs the interest rate decision in Switzerland. GBP/CHF rates: Pound rallies against Swiss Franc The pound is rallying against the Swiss Franc as Prime Minister Theresa May managed to overcome...
GBP/CHF forecast - Brexit uncertainty ahead causing movement for GBP/CHF

GBP/CHF forecast: Brexit uncertainty ahead causing movement for GBP/CHF

In today's GBP/CHF forecast we look at why the Pound has been coming under a huge amount of pressure recently against the Swiss Franc. Those that have been following the currency markets will be aware that the pressure on GBP is largely owing to the uncertainty caused by the ongoing Brexit talks. We are now just over a week away from arguably one of the biggest events in British political history when MPs will decide whether or not to approve Theresa May's current Brexit...
Further falls for GBP/CHF exchange rate

Further falls for GBP/CHF exchange rate

Over the last 4 weeks the pound has continued its decline against the Swiss Franc which is no surprise. Global events including Brexit, Italian debt problems and Trade wars are prompting investors to sell off their risky currencies and invest in safe havens such as the Swiss Franc. Since the start of the month the GBP/CHF exchange rate has dropped from 1.3160 and is currently trades at 1.2685. To put this into monetary value a 200,000 Swiss Franc purchase now costs clients an additional £5,700...
Pound to Swiss Franc - Swiss Franc strengthens due to events around the globe

Pound to Swiss Franc: CHF strengthens due to events around the globe

The Swiss Franc is known as a safe haven currency which means investors buy the franc in times of uncertainty. Over the last couple of weeks the Franc has been gaining ground against most major currencies as events around the globe unfold. Brexit key driver for Pound to Swiss Franc rate Brexit continues to put pressure on sterling and we are still waiting to find out if a vote of no confidence is called. The Prime Minister is in Brussels today meeting with Jean Claude Juncker....
GBP/CHF exchange rates - Brexit - crunch time for Theresa May

GBP/CHF Forecast: Breaking News – Crunch time for Theresa May

Today at 2pm UK Prime Minister Theresa May will ask senior ministers to sign off on her Brexit deal, even though she is facing accusations of betrayal from her previous colleagues. Overnight the PM met with cabinet ministers and discussed the 500 page whitepaper and ex-cabinet minister David Davis and Boris Johnson pleaded that the cabinet reject it this afternoon. Boris Johnson went one step further and told the press that this deal means its the first time in 100 years that the UK wont...
Sterling hits highest buying level against Swiss Franc since August

Sterling hits highest buying level against Swiss Franc since August

The Pound has made good gains against the Swiss Franc over the course of November. The GBP/CHF rate has hit the highest level since August, smashing through the 1.30 level. Sterling strength: Rumours of Brexit deal agreement lead to Sterling boost The main reason behind the rise in value of Sterling is the positive vibes surrounding Brexit. It now appears that a Brexit deal for the UK is edging closer. However, anyone looking to buy Swiss Francs with Sterling still needs to be cautious. The rug...
Will Switzerland’s strong economy ensure the CHF remains strong?

Will Switzerland’s strong economy ensure the CHF remains strong?

The Swiss Franc continues to remain very strong compared with the Pound, and this is reflected in its value which is within 3 cents of its annual high, which was hit at the beginning of last month. Mid-market levels are around 0.77 and the high point was just over 0.80. The highest point in recent times was in the 0.83s a few months after the UK's Brexit vote back in 2016, and these levels are around double those of a decade ago when the Swiss...
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...