Could we see gains for CHF? (Daniel Johnson)

GBP/CHF - The Swiss Franc has gained ground over Sterling during recent trading and this could be set to continue with Phase two of Brexit talks shortly to commence. UK Chief Negotiator, David Davis and EU Chief Negotiator, Michel Barnier are far from being on the same hymn sheet in regards to Brexit. Davis has accused EU services of approaching UK companies and advising them to relocate their head quarters to the EU or risk losing their contracts. Davis is clearly not happy as the...
Pound to Swiss Franc rates: UK housing price growth hits 6 year low

Pound to Swiss Franc rates: UK housing price growth hits 6 year low

Pound to Swiss Franc rates We have seen a fairly stagnant market following the Brexit extension until 31st October. Although a key factor on GBP/CHF economic date releases will now gain back some of their impact. Yesterday saw the ease of House Price Growth data and figures dropped to a six year low. The average house price of across the UK grew by 0.6%, but property prices in the capital fell by 3.8%. The lack of clarity surrounding Brexit is being labelled as the main catalyst. International...

Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

The Pound has begun the week in strong fashion after gaining against the majority of major currency pairs pairs today and gaining on CHF by around half a percent. Much of its strong start is being attributed to comments from the Bank of England's Deputy Governor, Sir. David Ramsden that were made over the weekend. In a Sunday Times article he mentioned that interest rates may need to rise faster than it was previously assumed, which the 3% inflation level putting pressure on the economy. He...

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...
Pound to Swiss Franc outlook CHF continues to test highs against major currencies as global tensions rise

Pound finds support against the Swiss Franc but for how long?

The Pound has found a little bit of support against the Swiss Franc with GBPCHF exchange rates trading just above 1.30. The Pound has dipped below 1.30 on a number of occasions but it keeps bouncing back above suggesting that there is a lot of support at these levels. Sterling has really struggled to make gains vs the Swiss Franc in recent weeks and it is being held back by the uncertainty caused by what is happening with the ongoing Brexit talks. David Davis and Boris Johnson...

Swiss data slightly better than expectations as we near the end of the trading...

This morning saw the release of Swiss PMI (Purchasing Managers Index) data in early morning trading, which gave the Swiss Franc a slight lift against most major currencies. PMI data is a measure of business conditions in the manufacturing sector and any figure above 50 on the measure is seen as a positive. Expectations for the release this morning were for a figure of 64.0, however the actual release came out at 65.3 which is very good news for Swiss business and the Swiss Franc,...

GBP CHF Maintains Support above 1.30

The Swiss Franc remains very strong due to its safe haven status amidst all the ongoing global economic and political uncertainty although it has come under new pressure and has moved away from the highest levels. Next week commences with Swiss employment data which is likely to be keenly monitored by the Swiss National Bank. On Thursday however Swiss Gross Domestic Product is more likely to have an impact on Swiss Franc exchange rates. Any improvement in the economic data is likely to lend...