What can we expect next on GBPCHF rates?

The pound has not been performing exceptionally well following a very positive run of form. Today we had the latest Inflation data which has shown the rate of Inflation increasing for the UK but since the market believes it has probably peaked, we will in fact probably see the pound lower against the Franc in the future. GBPCHF did hit 1.3461 in the peak times last week but now we have dropped back to 1.32's. If you need to buy Francs in the future then...
Brexit news - Will GBP/EUR exchange rates reach 1.15?

GBP CHF supported on Transitional Brexit Deal

The pound has proven extremely resilient against the Swiss Franc with rates for the GBP CHF pair now sitting at 1.3450. GBP CHF has been given a considerable boost after the transitional agreement was reached last week between Britain and the EU which has helped support the pound considerably. The transitional deal gives Britain access to the single market for another 18 months which should prevent what has been described as a cliff edge Brexit. There are currently some much better opportunities to buy Swiss...
Where next for GBPCHF rates?

Swiss Franc gains on sterling

In recent weeks the Swiss Franc has been making up some of the losses witnessed against sterling over the last 12 months. CHFGBP 2 weeks ago was 0.7225 and currently sits at 0.7390. To put this into monetary terms a 200,000 Swiss Franc transfer into sterling generates clients an additional £3,300 and I expect this trend could continue in the weeks to come. For Swiss Franc sellers, I wouldn't get to excited as I don't believe we are experiencing Swiss Franc strength, in fact the...

How will Article 50 impact Swiss Franc against Sterling? (Tom Holian)

With just a few days to go before Article 50 is triggered the currency markets are waiting with baited breath for what may happen to the value of the Pound against all major currencies including against the Swiss Franc. Yesterday we saw a brief respite for the Pound vs the Swiss Franc with the release of much better than expected Retail Sales. The figures for month on month showed a difference from 0.4% to 1.4% and this saw an impressive rise in Sterling. However, already this morning...
Pound finds support against the Swiss Franc but for how long?

Swiss Franc Could Strengthen Further on Political Events Today (James Lovick)

Today is crucial for Swiss Franc exchange rates with a number of economic releases and political events happening around the world which are likely to have a direct bearing on the direction of the Swiss Franc. The US Federal Reserve interest rate decision is released this evening where it is a near certainty that there will be an interest rate hike from 0.75% to 1%. Another two increases are expected later this year. The Swiss Franc is likely to be impacted by this decision as...

CHF Forecast – Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

GBP/CHF rates have fallen during Friday’s trading, ending Sterling’s positive run from earlier this week. All eyes have been on the Davos economic summit in Switzerland, where global leaders have met for the annual review of the financial global markets. Key figureheads including UK Prime Minster Theresa May, US President Donald Trump amongst other, have shared their views on the financial global climate. Switzerland remains one of the key financial hubs and despite the CHF being overvalued against both the Pound and EUR, according to various financial...

Will Sterling improve against the Swiss Franc in March? (Tom Holian)

The Pound has showed signs of improvement recently against the Swiss Franc after the tone surrounding Brexit appears to be softening. The discussions yesterday at Chequers appear to have gone well and this has given the Pound a boost against all major currencies including vs the Swiss Franc. Indeed, there are a number of reasons why the Pound has made gains since the start of the year. Firstly, with inflation continuing to be on the increase and constantly remaining above the government's target the Bank of...

Pound to Swiss Franc rate climbs to a 22-month high, will GBP/CHF continue to...

The Pound to Swiss Franc rate has been boosted recently, mostly owing to CHF weakness but the positive sentiments surrounding the UK at the moment have also helped. Over the past week GBPCHF is up by almost 1.5% and over the past month it's up by almost 4%. Around the middle of last month Sterling was boosted across the board of major currencies after news broke that the Brexit transitional deal has been agreed between the UK and EU negotiators. Hopes of an interest rate...
Sterling strengthens against CHF

Bank of England likely to increase interest rates but will this help the Pound...

The Bank of England are expected to raise interest rates later today from 0.5% to 0.75% and this will be only the second time in ten years. The last rate hike was back in November and will take rates to their highest level since 2009. When the previous meeting took place the Bank of England voted 6-3 in favour of keeping interest rates on hold and we will need to see a minimum of five members out of the nine voting for a rate hike for...

Pound to Swiss Franc rate remains above 1.32, but what can we expect from...

The Pound to Swiss Franc buying rate has remained above 1.30 since late October, and I wouldn't be surprised to see the rate continue to climb from the current levels in my personal opinion. The global economy appears to have recovered from the crisis 10 years ago now, and with interest rates increasing within developed nations now and especially with the Fed Reserve Bank's target's of a further 3-rate hikes this year, I expect risk appetite to increase and for the Swiss Franc to weaken...