GBP/CHF rates improving following May’s future appointment (Joshua Privett)

Last night Theresa May was hailed to be the next Prime Minister as early as Wednesday evening, causing some stability to the Pound, and therefore GBP/CHF rates to re-emerge. Leadsom quit the leadership race following some ill-advised comments about the merits of a childless woman taking the reigns of the UK Government. Her official withdrawal obviously did not mention this, but markets have welcomed the news for two reasons: There will be no long, drawn out, leadership race between the two front-runners, with the UK essentially...

Sterling Falls against Swiss Franc by 1.5% (James Lovick)

The pound has fallen sharply again today after what appeared to be a good start to the week. GBP CHF has fallen by almost 1.5% today and the pound has fared badly against all of the major currencies. Manufacturing data from the Purchasing Managers Index was robust and the sector has been supported by the recent weakness in the pound. This however was not enough to calm those Brexit concerns as shown by a big drop in the price of the pound. The Bank of England...

GBP/CHF Rates Spike Following US Election Results! (Matthew Vassallo)

GBP/CHF rates spiked by almost two cents during Wednesday’s trading, providing those clients holding Sterling with some of the best rates they’ve seen in the past few weeks. This move came following confirmation that Donald Trump had won the race for the White House, news which sent shockwaves through the market. How the outcome will affect the global markets is difficult to analyse at this point but could yesterday’s positive spike indicate better times ahead for the Pound? Whilst there is no direct correlation between the...
GBP to CHF remains buoyant at higher levels over the week

Swiss Franc Supported on Better Inflation

Rates for GBP CHF has slipped in recent week with levels hovering around the 1.32 mark for the pair. The Swiss Franc has been marginally boosted following the latest Consumer Price Index inflation numbers released this morning. Swiss inflation climbed higher to 1% for the year which was above the expected forecast of just 0.9% and the numbers were up to 0.4% for the month of May. The markets will be keeping a close eye on what happens in Iran in these coming weeks after...

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...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

Pound loses almost a cent and half after BoE comments, will Sterling continue to...

Sterling tumbled against most major currency pairs today, and especially against safe haven currencies such as the Swiss Franc. The Pound dipped as soon as it was announced that interest rates will remain unchanged and the voting pattern has become less bullish in favour of a rate hike, as inflation levels have eased slightly in recent weeks. The Bank of England also adopted a cautious tone and cut its growth forecast for the UK economy in 2017 from 1.9% down to 1.7%. Mark Carney, a very important...
Pound to Swiss Franc rates: UK housing price growth hits 6 year low

Will next months vote create volatility for the Swiss Franc?

Next month on the 10th of June there will be a key vote in Switzerland. It's being labelled as 'Vollgeld' and it pertains to whether the Swiss want to reform their monetary system in an unprecedented way. There hasn't been much talk of this Referendum in the economic world outside of Switzerland because a 'Yes' vote is apparently highly unlikely. I guess there are parallels with the Brexit vote which few expected, so I wouldn't rule out a major move for CHF exchange rates should...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

Will the SNB raise interest rates?

The Swiss National Bank (SNB) could be moving forward in their process of raising interest rates according to current reports with the previous Q4 2019 hike predicted to become reality in Q3. This minor shift in expectations is positive for the Swiss Franc and gives the market some news to be targetting and assessing in deciding the value of the CHF. With interest rates in Switzerland having been at -0.75% since January 2015, the future guidance could see the Franc strengthening as investors price up the possibility...

Swiss Franc strengthens against Sterling (Tom Holian)

The Pound has continued to fall from its recent highs vs the Swiss Franc as the UK economic data which came out at the beginning of the week was rather negative. According to a survey published by Markit which measured manufacturing data for April this showed a fall for the first time in 3 years with the figures coming out at 49.2 from 50.7 the previous month. Anything below 50 represents contraction and with the EU referendum due in just less than 2 months away the...

Sterling improves against the Swiss Franc after positive comments by Theresa May (Tom Holian)

Sterling has seen huge gains vs the Swiss Franc during today's trading session as Prime Minister Theresa May spoke out in an attempt to reassure the UK economy. It was one of the most positive speeches since her she took her position and she suggested that the UK would be open to a deal which could see the UK take more time to organise a different relationship with the European Union. As yet Theresa May is convinced that Article 50 will be triggered by March 2017...