Sterling strengthens against CHF

Bank of England likely to increase interest rates but will this help the Pound...

The Bank of England are expected to raise interest rates later today from 0.5% to 0.75% and this will be only the second time in ten years. The last rate hike was back in November and will take rates to their highest level since 2009. When the previous meeting took place the Bank of England voted 6-3 in favour of keeping interest rates on hold and we will need to see a minimum of five members out of the nine voting for a rate hike for...
GBPCHF - The Brexit barometer

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...
CHF finds support following fresh Brexit uncertainty

CHF finds support following fresh Brexit uncertainty

It’s been a busy day in the markets, following the resignation of UK Brexit negotiator David Davis late Sunday night. Davis confirmed he would be leaving his position, due to the Brexit strategy agreed following UK Prime Minster Theresa May’s Chequers cabinet meeting on Friday. Davis cited an unworkable Brexit plan, which he felt was one where the UK was “giving away too much and too easily”. This was seen as a major blow to the UK Government and Theresa May, however the Pound initially made gains...
BOE Interest Rate Decision

Carney’s comments help to lift the Pound vs the Swiss Franc

The Pound has made some small gains versus the Swiss Franc this morning after Bank of England Governor Mark Carney has said that he has more confidence in the British economy which has led some people to think that we could be seeing an interest rate hike coming in August in the UK. According to some predictions there is a 70% chance of a rate hike which I think may be too early to happen. Last month was the first time that we saw a 6-3...
GBPCHF - The Brexit barometer

Strong economic growth in Q1 strengthens CHF

Sterling has come under some pressure recently, falling by over two cents against the CHF since the middle of June. GBP/CHF rates are currently trading around 1.3065, having hit a high of 1.3271 earlier this month. The Franc has been supported by robust growth in the Swiss economy, which grew at a faster pace during the first quarter of this year than analysts expected. A weaker CHF and global sporting events helped to boost the Swiss based International Olympic Committee & football’s governing body FIFA. This in...

CHF Forecast – Swiss Economy Showing Continued Signs of Strength

The Swiss economy strengthened during the first quarter of 2018, with Gross Domestic Product (GDP) growing by 2.2%. This is the first time their economic output had surpassed 2% since 2016, with a surge in investment and solid trade relationships helping to propel the Swiss economy forward. The CHF has styed solid throughout and continues to remain a safe haven for investors, despite the Swiss National bank (SNB) trying to keep the CHF’s value in check. GBP/CHF rates continue to float above 1.32 level, with the CHF...
Will Switzerland’s strong economy ensure the CHF remains strong?

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...

A tough 3rd quarter for Swiss exchange rates

In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists predicting that Swiss jobs would come under the pressure, the Switzerland government allowed employers to extend working hours and pay to be cut, whilst at the same time being offered benefits by the Government which would help the employees that were effected. The theory behind the move from the Swiss Government was that a slight drop in pay...

Swiss Franc continues to strengthen against the Pound

The Swiss Franc has continued to strengthen against the Pound in recent weeks and it could be argued that the main trigger for the weakening of the Pound came a few weeks ago when the Bank of England confirmed that they would be keeping interest rates on hold again with a split of 7-2. The UK has shown relatively poor economic data in the form of UK GDP which came in at the slowest growth since 2012 and inflation has started to fall and this...

Will the Franc break 1.30 against the pound?

The Swiss Franc has been strengthening against sterling as fears over Italy, which had previously been causing the Franc to weaken look like they might be resolved. Talk of a coalition meeting again to resolve the current problems have seen the Euro strengthen which has helped the Franc too. With a deep relationship between the Franc and the Euro, these currencies can closely track either which causes movement on GBPCHF. I think that any further major uncertainty over what is happening could see the Franc...