UK General Election key mover for GBP/CHF (Daniel Johnson)

Corbyn gains on the Tories Theresa May calling a snap general selection seemed to be a wise move while the opposition was so weak. With a Tory victory seeming almost inevitable at that point Sterling strengthened against the majority of major currencies. This is due to a conservative government being deemed as better for the UK economy. May then however attacked her core voters, stating that anyone with over £100k in assets will have to pay for their own home care or care home. Corbyn has...

GBPCHF to hit 1.50?

The pound to Swiss Franc exchange rate has spent most of 2016 hovering around 1.40 but could easily make a break above 1.50 if we see a Remain vote later this month from the UK. Most forecasters believe the overall result will be a Remain vote in the UK EU Referendum and this will help the pound to spike higher. The pound to CHF rate has not been at that kind of level since November 2015 and this would be an excellent opportunity for...

The Pound soars amid Trump fears (Joshua Privett)

Trump has had an interesting first few days in office which has benefitted anyone holding Sterling, and may see it rise further still. GBP/CHF, and really most of Sterling's currency pairings, have had a very good last five days of trading in the market place, and the momentum is still there following some choice comments made by Donald Trump, and his initial actions as President. Initially seen to be pro-business, Trumps highly protectionist policies are already upsetting the marketplace. The Trans-Pacific Trade agreement, seen to strengthen...

CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data

The CHF has struggled to make much of an impact against Sterling this week, with a strong run of economic data helping to support Sterling’s value. The Pound received support earlier this week, following reports that a deal has been agreed between UK & EU to facilitate a transitional period following the Brexit deadline next year. This will help in theory, to ensure a smooth transition for the UK as we separate ourselves from our European neighbours. GBP/CHF rates hit a high of 1.3462 before retracting...
Will the upward trend for GBP/CHF continue, and what factors are influencing the pair at the moment?

Will the pound rise further against the Franc? Will North Korea spring back to...

The pound to Swiss Franc rate has been rather volatile lately for all number of reasons, namely the movements on sterling relating to the prospect of UK interest rate hikes. A huge driver on the Franc which is a safe haven currency has been the North Korean situation which has seen the pound lose ground against the Franc as investors pore into the Swissie. Basically as tensions escalate on the North Korean rhetoric the Franc has strengthened as markets pile into the haven currency. There are...

Selling Swiss Francs – GBP CHF Plummets (James Lovick)

The pound has fallen further against the Swiss Franc as Brexit uncertainty continues to dominate the markets. Mortgage approvals from the British Bankers Association came in weaker than expected this morning which is keeping added pressure on sterling exchange rates. The numbers were marginally lower than last month but by only 675 which tallies in my mind with the current post Brexit climate. UK GDP numbers released on Friday are perhaps the most important data release this week and high volatility is to be...

Buying Swiss Franc rates expected for sudden slump tomorrow morning (Joshua Privett)

Buying Swiss Franc rates (GBP/CHF) have been subject to further falls recently for Sterling, mainly based on anticipation rather than any concrete figures. Sterling is having a busy week, with most of its pairings being influenced by events on this side of the channel rather than abroad. Yesterday markets were zoning in on a deposition given by Mark Carney, the Governor of the Bank of England, to the House of Lords Treasury Committee. This deposition was aimed at addressing issues surrounding the UK economy in the...

GBP CHF Weakness Amidst Brexit Negotiaions

The pound has come under pressure against the Swiss Franc this week as Brexit discussions intensify. The EU lead negotiator Michel Barnier is in London today to discuss the future relationship between Britain and the EU and there appears to be a big drive to try and reach a deal, for the time being anyway. The statement however from the British government this morning which has made it abundantly clear that Britain will be leaving the customs union appears to be having a negative impact...

Pound loses gains made from yesterday’s trading day (Dayle Littlejohn)

The pound yesterday made over a 1% gain against the Swiss Franc on the back of Theresa May's announcement that she would be the next Prime Minister for the UK. However the gains have been short lived as GBPCHF has fallen over 1% today. I believe the market is pricing in a possible interest rate cut tomorrow for the UK and this explains the fall in sterling value today. Governor Mark Carny eluded to cuts only a week ago and if this does occur I...

Uncertainty surrounding US Tax cuts could benefit CHF (Daniel Johnson)

CHF - The Safe Haven of choice for the savvy investor The US dollar is usually the investors destination of choice if you looking to put your money into a safe haven currency. It is also offers reasonable returns due to the favorable interest rate. The Federal Reserve could well raise rates shortly according to popular opinion, with the next FED interest rate decision due on 13th December. The hike could well be factored into to current rates as the market moves on rumour as...