GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBPCHF exchange rates remained volatile during yesterday’s trading, with the currency pairing reaching its highest levels in over two weeks during the course of the day. The economic and social impact of the Coronavirus pandemic continue to be the main driver behind exchange rate movement, and this is likely to continue as economic data releases from around the globe highlight the detrimental impact of the spread of the virus. Swiss Manufacturing Output Drops to Lowest Levels Since 2009 Data released from Switzerland yesterday pointed to a...
Pound to Swiss Franc outlook CHF continues to test highs against major currencies as global tensions rise

Pound to Swiss Franc outlook: CHF continues to test highs against major currencies as...

Swiss Franc enjoys highs as the 'safe haven' currency is driven by global tensions The pound to Swiss franc continues to test the lower levels as a result of both Brexit uncertainty resulting in sterling weakness and the global uncertainty which is most likely pushing the Swiss franc from strength to strength. The Swiss franc retains is status as a safe haven currency and in times of global economic and political uncertainty tends to strengthen considerably just as the price of gold tends to increase...
Pound to Swiss Franc forecast Investors flock to the CHF will the Swiss National Bank curb demand for the Franc?

Pound to Swiss Franc forecast: Investors flock to the CHF, will the Swiss National...

Sterling slides against the Swiss Franc as Brexit and the global economic outlook weigh on the Pound The pound to Swiss franc exchange rate has fallen lower below 1.20 for the GBP vs CHF pair with interbank rates currently sitting at 1.189. The slide in the pound against the Swiss franc has presented those looking to sell Swiss francs with an opportunity to convert when compared to recent months. Brexit is one factor which is most likely putting pressure on the price of sterling, but...
Pound to Swiss Franc forecast Will GBPCHF rates fall below 1.20?

Pound to Swiss Franc forecast: Will GBP/CHF rates fall below 1.20?

The pound to Swiss Franc exchange rate has been on steady decline since May when it peaked at 1.3397. Since then, it has fallen to 1.2245 as Brexit uncertainties continue to weigh on sterling, with the market feeling the prospect of a no-deal Brexit has increased. The franc has also risen in value owing to its status as a safe haven currency, and the continued fears over the global economy. Swiss Franc enjoying the benefits of its safe haven currency statue The franc is a safe...
Pound to Swiss Franc exchange rates remain docile despite yesterday's UK political developments

Pound to Swiss Franc exchange rates remain docile despite yesterday’s UK political developments

Movement for the Pound to Swiss Franc pair limited Pound to Swiss franc exchange rates have remained relatively rangebound this week, despite yesterday’s political developments inside the UK. Whilst the GBP/CHF pair is historically less volatile than GBP/EUR for an example, a range of only two cents movement over the past month is testament to the current market uncertainty. GBP has hit a high of 1.2457, whilst trading at a low of 1.2252 within this time frame. This has meant that those clients looking to sell...
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 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...
Swiss Franc at 5 month highs vs the Pound

Swiss Franc at 5 month highs vs the Pound

Tory leadership debate does little to help the pound Sterling has remained under a lot of pressure against a number of currencies including vs the Swiss franc. The Tory leadership race is now down to 5 candidates after former Brexit secretary Dominic Raab only managed to get 30 votes. This was short of the required 33 to progress to the next round. Last night we had the live television debate involving the last five candidates. It appears as though Boris Johnson is the clear leader with 126...
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...
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...