For how long can GBPCHF remain above 1.25?

The pound to Franc rate has been over 1.26 at times owing to the belief sterling and the UK economy is now in for a much better run of form than we had previously expected. Most analysts expect that the pound will actually come to struggle in the coming weeks since Article 50 could open the door to significant volatility on the currency markets. If you have a transfer to make involving the pound or Franc then making some plans in advance is a...
Mark Carney steadies GBP/CHF rates on global viewpoint

Swiss Franc before Foundation Day in North Korea

The Swiss Franc is in a very strong position at the moment as global uncertainties continue to help drive the Franc higher. The heightened tensions between the US and North Korea are an obvious reason why there has been a flight to the safety of the Swiss Franc. The Franc could also see additional gains this weekend if there are any developments on the Korean peninsula. This Saturday is Foundation Day which is one of the most important days in the North Korean calendar....

Rate to buy Swiss Francs with Sterling waiting for Brexit White Paper (Tom Holian)

Sterling vs the Swiss Franc exchange rate remains tentative this morning with the release of the Brexit strategy due to come out later today. A white paper is going to be published later with MPs backing the European Bill by 498 vote against 114 last night. The bill will be debated further in parliament next week although hundreds of amendments have already been suggested. Theresa May will still need the agreement  of parliament to trigger Article 50 and the content of the white paper is very...

What Factors will effect my GBP/CHF Trade? (Daniel Johnson)

Could There be a Delay in the Triggering of Article 50? The House of Lords have now voted to amend the brexit bill. They would like the rights of EU citizens currently residing in the UK protected. This should have been in the original bill, but the bill was purposely made as brief as possible to go along with Theresa May's agenda of invoking article 50 at the end of March. If there is a delay in the invocation of article 50 the pound will...

SNB keep rates on hold at -0.75% (Dayle Littlejohn)

Today at 8.30am the Swiss National Bank decided to keep the deposit rate unchanged at -0.75%. The Swiss National Bank also stated they would carry on intervening within the currency market to keep the Franc from strengthening too much as they believe its still significantly overvalued. Many analysts believe further cuts will occur in a bid to devalue the Franc. The Franc soared back in 2015 when the pegging was lifted between the Franc and the Euro. Furthermore the SNB have predicted Consumer Prices are expected...
Pound to Swiss Franc exchange rates remain docile despite yesterday's UK political developments

Swiss Franc Strength as Safe Haven Status Returns

The Pound has fallen sharply against the Swiss Franc on the back of the Turkey crisis which is creating uncertainty throughout the financial markets globally. Rates for GBP CHF have now fallen below 1.27 as investors seek the safety of the Swiss Franc to avoid the global risks elsewhere. It has been a long time since this type of currency behaviour has been seen for the Swiss Franc and there may be more to come. The Pound is also trading at lower levels against...

Swiss Franc Continues to Show More Strength (Ben Fletcher)

The Swiss Franc currently sits just in the 1.26 mark as it appears the rate continues to drop as more uncertainty becomes apparent. There has been a significant amount of negative data for Sterling of recent and this has weakened the Pounds position against most currencies. Since the Referendum the Swiss Franc has gained over 16 cent against Sterling and it seems plausible there is more to come. Is there any strength in sight for Sterling?   Sterling has lost nearly a cent today as the...

Could political uncertainty within Europe push the Swiss Franc even higher? (Joseph Wright)

The cost of hedging against major currency fluctuations between the Swiss Franc and the Euro hit it's highest level in 2 months yesterday, as fears over impending French elections have investors worried. The far-right political parties in France are seeing their highest levels of popularity in 30 years and just 2 weeks ago a French opinion poll put Marine Le Pen in the lead and this created enough Euro weakness to push the Pound to Euro rate to its highest level in 2017. The reason behind...
Pound to Swiss Franc forecast Investors flock to the CHF will the Swiss National Bank curb demand for the Franc?

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 vote to dominate Pound to Swiss Franc exchange 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...