Swiss Franc Uncertainty on Syria Developments (James Lovick)

The Swiss Franc could be in for a particularly volatile with the recent developments in Syria and now North Korea. Both the Swiss Franc and US dollar generally perform very well in times of global economic and political uncertainty as their status as safe haven currencies becomes apparent once again. The crisis in Syria does appear to be reaching boiling point with pressure mounting not just from the US but also leaders in Europe and notably Germany. With US warships heading towards North Korea rather than...
Mark Carney steadies GBP/CHF rates on global viewpoint

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...

What can we expect next for the Swiss Franc?

The Swiss Franc continues to remain very strong against the pound which is still suffering from worries over the outcome of the Brexit negotiations. For both buyers and sellers the Brexit issues is not going away anywhere soon. This is likely to to continue to weigh on the performance of the pound which should see GBPCHF remain very weak and in the lower 1.20's if not lower. Unfortunately for CHF buyers with pounds the rate seems likely to remain lower and to favour CHF...

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...

Swiss Franc losing its safe haven status?

In recent weeks you would have through that the Swiss Franc would have benefited from trade wars and the recent military action from the West on Syria. However in fact the Swiss Franc has lost value which leads me to believe that the Swiss Franc has lost some of its 'Safe Haven' status. It has been the US dollar, euro and Yen that have strengthened off the back of global events. The Swiss National Bank presently run an extremely dovish monetary policy system with interest...
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...

Will GBPCHF rise or fall in December?

I would personally not be expecting any big problems for GBPCHF buyers in December since I feel the prospect of a US interest rate rise next month will weaken the Franc as investors opt to put money into the US dollar. Of course the Franc is like the US currency a safe haven so investors will be looking to adjust their holdings of other safe haven investments. Sterling is looking increasingly stable at these levels but looking forward I am concerned for the pound, I...

The impact of Marmite on Sterling vs Swiss Franc exchange rates (Tom Holian)

Sterling vs the Swiss Franc has continued to fall and at the moment it appears as though there is no end in sight for a Sterling recovery. The Swiss Franc is and always has been used as a safe haven currency and whilst the political uncertainty surrounding Article 50 continues we could see Sterling fall even further against the Swiss Franc. Earlier on today 'Marmite-gate' has been causing big problems for the UK food industry with Tesco having now removed various Unilever products from its...

Will GBPCHF rise back above 1.25?

If you are looking to buy Swiss Francs with the pound the coming weeks could prove very interesting to see just how sterling to Franc rates react following a shift in sentiments towards the currency pairing. Overall there is a belief that the rate will struggle to hold firmly above 1.25 since there remain a number of global events which seem likely to trigger a move lower. If you need to make a transfer buying or selling the Franc then making plans in advance...

GBPCHF rates slide on UK news and global risk events!

The pound to Swiss Franc exchange rates has slipped to some of the lower levels in two months as concerns over the Italian political situation fuels a shift into safer haven assets like the Swiss Franc. We have also had a reduction in the interest rate forecast for the UK which is removing pressure on the Bank of England to raise interest rates and seeing the pound slightly softer. The longer-term direction for the pound to CHF rate could be towards a higher level as...