Pound rises against the Swiss Franc to 1 month high (Tom Holian)

The Pound has made gains vs the Swiss Franc recently and this has seen the Pound hit its highest level in a month following the uncertainty caused by what could have happened with the triggering of Article 50. Indeed, Sterling has made gains against all major currencies this week as the market is now turning the focus towards what is happening in the economy rather than focusing on the political situation. The UK economy has shown signs of resilience recently with better than expected Retail Sales...

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

GBP/CHF rates have fallen dramatically over the past month, as Sterling continues to find itself under pressure against the major currencies. However, despite these losses it is not all doom and gloom for those clients holding GBP, as Tuesday’s positive spike for the Pound proved. Currency does not move in a straight line and therefore we will see opportunities for those clients holding GBP to take advantage of, even if a sustainable Sterling recovery is unlikely in the short-term. As touched on Sterling received a welcome...

Swiss Franc news today against Sterling (Tom Holian)

This week the House of Lords have been debating the issue of the Brexit bill and assuming there are no amendments made this could see a free run towards the triggering of Article 50 due to take place during March. This helped the Pound to hit its best rate to buy Swiss Francs in 2017 creating some excellent opportunities to send money to Switzerland. However, it is not all plain sailing with the costs to leave the European Union price as high as £50bn according...
Mark Carney steadies GBP/CHF rates on global viewpoint

Mark Carney steadies GBP/CHF rates on global viewpoint

The pound to Swiss franc exchange rate has been steadied following comments from Mark Carney during a briefing on the global economy at the Barbican centre in London yesterday. I was fortunate to be in attendance and was struck by Carney's confident manner, although he highlighted some major risks ahead which would be key for GBP/CHF rates. Sterling was weaker going into the talks, particularly as Theresa May has once again kicked her plans further down the road in providing a meaningful vote on Brexit...

Sterling starts to gain strength against Swiss Franc (Ben Fletcher)

The GBP/CHF rate moved back above 1.30 yesterday after the Bank of England released a report suggesting a survey they have completed with businesses, shows there hadn’t been a slowdown post-Brexit. There has very much been a major expectation that the Brexit vote would cause major disruption, however so far it’s not the case. UK’s inflation was up mainly due to flights and fuel prices being on the rise in June, those stats had been taken before the 23rd June. Considering fuel prices have continued...

GBP/CHF Rates Crash Following Poor UK Data (Matthew Vassallo)

GBP/CHF rates have crashed during Thursday’s trading, following a poor set of data for the UK. The pair dropped to a low of 1.4462, despite opening above 1.47 and continued Sterling’s poor showing since the turn of the year. What was dubbed by investors “Super Thursday” was anything but and the Pound has lost value across the board. Pressure is building and with the Bank of England (BoE) cutting growth forecasts again for the UK, I do not expect this trend to change over the...
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...

Pound to Swiss Franc exchange rates see nearly full cent improvement, will this last?...

Well we're moments away from the starting gun being fired to begin Brexit negotiations, but the rate is moving in the favour of anyone holding Sterling, meaning Pound to Swiss Franc rates of exchange have seen a net improvement today of almost a cent. Why the rally? Well the atmosphere surrounding the upcoming triggering of Article 50 has created is more positive than we have seen in the past. Furthermore, Article 50 is not being seen in the same vein as the Brexit vote itself last June, given...

GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)

GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years. The Pounds woes have been well documented but with a key day of economic data releases ahead, is it all about to change? This morning we will get a ruling from the high court on whether the now infamous Brexit vote must be ratified by MP’s in Parliament. If this is indeed the case we may see Sterling gain...

GBP/CHF rates falling ahead of UK interest rate decision (Joshua Privett)

Tomorrow is one of the bigger market movers of the month, with the UK interest rate decision to be released at midday. Like clockwork when this event has come around we have seen the Pound fall against all major currencies. This is because all 9 members have voted stubbornly not to raise interest rates for the UK economy. This is essentially a vote of no confidence in the health of the UK economy to be able to handle an interest rate rise. With little changing in...