Swiss Franc at 5 month highs vs the Pound

Swiss Franc at 5 month highs vs the Pound

Tory leadership debate does little to help the pound Sterling has remained under a lot of pressure against a number of currencies including vs the Swiss franc. The Tory leadership race is now down to 5 candidates after former Brexit secretary Dominic Raab only managed to get 30 votes. This was short of the required 33 to progress to the next round. Last night we had the live television debate involving the last five candidates. It appears as though Boris Johnson is the clear leader with 126...
Mark Carney steadies GBP/CHF rates on global viewpoint

Could the Pound fall lower against the Swiss Franc? (Tom Holian)

The fears caused by the Brexit vote continue to negatively affect Sterling exchange rates across the board. Indeed, this is no more evident than against the Swiss Franc which has continued to strengthen recently against the Pound. The global geopolitical uncertainty is also rising with the threats of missile launches by North Korea and how the world will react. The Swiss Franc if often used as a safe haven currency and at the moment this is another reason for the continued strength against the Pound and I...

Best rates to buy Swiss Francs since 2016!

We currently have the very best rates to buy Swiss Francs since the Referendum as confidence over the future outlook on Brexit continues to drive sterling. A weaker Franc is also part of the equation as we see risk appetite increasing in recent weeks, the overall driver on the market is now reduced fears over the Trade Wars and increased improvements in the global economic outlook. If you have any currency transfers that you will need to make in the future getting the best news...

Swiss Franc Recovers after Improving Inflation Numbers

Inflation figures for Switzerland have come in better than expected which has helped see the Swiss Franc claw back some of the lost ground seen last week. Consumer price Index (CPI) data  for April now sits at -0.4% which was better than expected than the -0.7% predicted. Although these figures are in negative territory, it is a marked improvement from the -0.9% seen in the March figures. It signals a fair improvement which should lend support to the Swiss Franc. Data is light for Switzerland...

Selling Swiss Francs for GBP – Excellent Opportunity (James Lovick)

The pound remains very weak against the Swiss Franc on remaining Brexit concerns which is effectively keeping a lid on sterling exchange rates. At the same time the safe haven status of the Swiss Franc remains incredibly appealing amidst all the global and economic political uncertainty. This is keeping the Swiss Franc very strong with a continued flight to safety to this currency. The same is happening with the US dollar and that is despite the looming US presidential election in November. Swiss unemployment worsened...

GBPCHF plunges on Trump fears!

The Swiss Franc is a safe haven currency and benefits in time of uncertainty. With Donald Trump now looking much more likely to win the Election the Swissie has found favour. If you are buying the Franc with sterling in the future the combination of global uncertainty and a weak pound looks set to cause problems! Even if Trump doesn't get in the weakness on sterling looks set to continue and some would argue Hilary Clinton is by no means a safe bet for...

Sterling continues to weaken after PM alludes to ‘Hard Brexit’ preference, will GBP/CHF continue...

Pound Sterling is still feeling the effects of UK Prime Minister, Theresa May's comments regarding the Brexit over the past weekend, with GBP/CHF now trading in the 1.23's as the Pound continues to weaken. Sterling lost almost 1% during Monday morning as investors digested May's comments. She alluded to the government focusing on controlling immigration and it appears that this is a priority as opposed to retaining access to the single market. May also said that the UK cannot keep 'bits' of EU membership and financial...

Best rates to buy Swiss Francs with pounds in 2017!

Despite some questionable economic data and worries over the Brexit the pound has risen to fresh highs against the Swiss Franc. The overall expectation for sterling and the Franc had been negative but we have actually seen the rate improve which is presenting some of the best rates in 2017. The Swiss Franc is typically seen as a safe-haven currency which means in times of economic uncertainty it will strengthen as it is perceived to be safer and more stable compared to other more...

Could the upward trend for the Pound continue through 2018? (Joseph Wright)

Those following the Pound to Swiss Franc exchange rate will be aware that the Pound has been climbing for a some time now. I think that after such a steep drop due to the shock of the Brexit vote 18-months ago the Pound was bound to recover eventually providing that the economy remains resilient and that's what we're seeing at the moment. Sterling has been recovering against most major currency pairs recently with the headlines covering the GBP to USD rate and how the pair...

GBPCHF exchange rates have slipped on sterling weakness

The pound has weakened further this week as investors fears over the likelihood of any interest rate in the UK take shape. There is a very high probability that this Thursday the UK Bank of England will cut their interest rate this Thursday which will lead to some sharp weakness on the GBPCHF exchange rate. Clients looking to buy or sell the Franc against the pound should be weary of this event which takes place this Thursday afternoon. If you are in a position...