GBPCHF rates – PM confirms Cabinet – GBPCHF rates climbing

GBPCHF rates climbing The CHF has had a changeable time over the last 3 weeks especially against the UK Pound. Following the UK vote to remain in the EU there has been both a run out of the UK Pound and also into the CHF as it withholds its safe haven status.  Meaning that in times of uncertainty investors run to this currency so the CHF sees a pick up in demand and therefore its value also climbs. All in all buying the CHF has...
Pound finds support against the Swiss Franc but for how long?

How will the Election effect GBP/CHF? (Daniel Johnson)

Labour gains ground The Conservatives were in a very strong position following the election announcement. A snap election historically causes the currency in question to weaken, but on this occasion the opposite occurred. A Torie victory is deemed to be positive for the UK economy. Investor confidence grew and the pound strengthened as a result. With the election now closer than previously expected I would expect to see Sterling weakness due to political uncertainty. Looking at the last general election, we did not see any...

GBP/CHF continues to trend downward as pessimism surrounds the Pound (Joseph Wright)

Over the past week the Pound has struggled against pretty much all major currencies as risk appetite has waned within global markets. The focus is very much on the UK economy and it's currency as talks of UK Prime Minister, Theresa May invoking Article 50 in the early months of 2017 are now hitting the headlines. The Sterling sell-off accelerated today after Boris Johnson suggested that the UK will begin the process of leaving the EU early next year. Financial markets have consistently received news of a...

GBPCHF remains at the better rates of 2017

The pound to Swiss Franc rate remains at some of the better levels of 2017 as the market shrugs off the UK triggering Article 50 and embraces what lies ahead. The Swiss Franc could now be at more risk from geopolitical concerns emanating from the US's action directed to Syria. The Swiss Franc is a safe haven currency which means it strengthens in times of economic uncertainty. The coming weeks could see further military action which might raise global concerns over a future war,...

Will the Franc break 1.30 against the pound?

The Swiss Franc has been strengthening against sterling as fears over Italy, which had previously been causing the Franc to weaken look like they might be resolved. Talk of a coalition meeting again to resolve the current problems have seen the Euro strengthen which has helped the Franc too. With a deep relationship between the Franc and the Euro, these currencies can closely track either which causes movement on GBPCHF. I think that any further major uncertainty over what is happening could see the Franc...

Will GBP/CHF rise above 1.30 this week? (Joshua Privett)

Buying Swiss Franc rates have been one of the most volatile pairings for Sterling in recent weeks, due to the double effect that Pound strength as well as Pound weakness has on the value of the Swiss Franc. As a safe haven the Swiss Franc enjoys strength during times of uncertainty and lack of confidence in neighboring economies, and loses much of its artificial value when positive forecasts mean demand for a safe haven isn't as high. This is causing the severe swings in both positive...

Swiss Franc losing some value alongside European elections (Joshua Privett)

Sterling saw a very gradual decline last week against its major currency counterparts, particularly the Swiss Franc which was benefitting heavily from uncertainty on both sides of the Channel with Brexit negotiations and upcoming European elections. To summarise, first off the Pound came under pressure last week when the House of Lords’ attempt to alter the Brexit bill took a beating. This suggested to markets that if they tried to implement a further guarantee that Parliament would get to vote on any eventual deal reached with...
GBPEUR Exchange Rate: Week in Review May 15th

Why is the Pound to Euro Rate Falling? Will it Continue?

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that employment was at a...
GBPCHF rates hit near 3-month highs

GBPCHF rates hit near 3-month highs

The Pound to Swiss Franc exchange rate has soared dramatically following a series of revelations in the currency markets and global economy. A big factor is of course Sterling strength, which has arisen on the back of increased feelings that the UK will avoid a no-deal Brexit. This could manifest next week in a Parliamentary vote on whether or not to rule out a no-deal Brexit. The Pound is much stronger on this news, plus the feeling that Brexit might ultimately be delayed in the...

GBPCHF rates rise but for how long?

The Swissie has remained very strong against a much weaker pound but the outlook is still very shaky. The principal reason for the changes are of course the election of Donald Trump which has sent some big ripples through financial markets. The Swiss Franc did strengthen significantly as we saw uncertainty ahead of the election but following the result it was more the pound making headway with some big shifts on GBPCHF. Will the pound now make a comeback against the ever safe haven...