GBP to CHF weakness after no majority for alternative Brexit

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...