Pound to Swiss Franc Forecast: GBP/CHF rate hits near 1-year high

Pound to Swiss Franc Forecast: GBP/CHF rate hits near 1-year high

It is now very close to the best time to buy Swiss Francs with pounds since May 2018. The stronger pound and a reduced global risk appetite has seen the move on the GBP/CHF pairing. This is presenting a much improved opportunity to buy Swiss Francs with pounds. Any client wishing to buy or sell on this pairing might benefit from a quick review with our team to best understand what is next, and the potential outcomes. Pound to Swiss Franc Forecast: Brexit key driver...
GBP to CHF Uncertain before Brexit Vote 12th March

GBP to CHF Uncertain before Brexit Vote 12th March

The pound to Swiss Franc exchange rate still struggles to make any material gains amidst global concerns for economic growth and the uncertainty around Brexit. Rates for the GBP CHF pairing are now hovering around the 1.32. Whilst the pound has been boosted in recent weeks on optimism that a deal between the UK and EU will be reached, there still remains deep uncertainty on whether the Government will be able to get the deal through Parliament. Meetings between the attorney general Geoffrey Cox...
Pound to Swiss Franc forecast Will GBPCHF rates fall below 1.20?

GBP/CHF exchange rates: A good start to the year, but what next for Brexit?

Since the start of the year GBP/CHF exchange rates have increased from 1.2377 to 1.3212 at the time of writing this report. To put this into monetary value, a client that converts £200,000 into CHF could now achieve an additional 16,700 Swiss Francs. Sterling strength as no deal Brexit outcome fades The pound has been gaining momentum across the board as the market prices in the fact that the UK is less likely to depart the EU without a deal. UK Prime Minister Theresa May...
Swiss Franc at 5 month highs vs the Pound

GBP to CHF rate hovers over 1.32 awaiting new Brexit developments

The pound has rallied higher against the Swiss Franc with rates for the GBP/CHF pair now sitting over 1.32. Pound to Swiss Franc exchange rates have been lifted on the back of some optimism over Brexit, that a deal will be reached between Britain and the EU. The markets are awaiting developments over the contentious Irish backstop which could pave the way forward for a deal. In particular there have been meetings in the EU with the UK’s attorney general Geoffrey Cox to try...
Strong Trade Balance data supports the Franc

Strong trade balance data supports the franc

The Swiss Franc has been boosted during early morning trading as investors find the latest Trade Balance data supportive of the economy, with the Trade Balance data coming in showing a surplus of CHF3bn. The strength of the Swiss economy is its exports; in watches, chocolate and specialized industrial engineering. The franc has risen marginally and this could represent a stronger Swiss franc down the line as investors back a stronger economic outlook. GBPCHF levels have been flirting with the 1.30 level on uncertainty over...
Mark Carney steadies GBP/CHF rates on global viewpoint

Mark Carney steadies GBP/CHF rates on global viewpoint

The pound to Swiss franc exchange rate has been steadied following comments from Mark Carney during a briefing on the global economy at the Barbican centre in London yesterday. I was fortunate to be in attendance and was struck by Carney's confident manner, although he highlighted some major risks ahead which would be key for GBP/CHF rates. Sterling was weaker going into the talks, particularly as Theresa May has once again kicked her plans further down the road in providing a meaningful vote on Brexit...
GBPCHF rates hit near 3-month highs

GBPCHF rates hit near 3-month highs

The Pound to Swiss Franc exchange rate has soared dramatically following a series of revelations in the currency markets and global economy. A big factor is of course Sterling strength, which has arisen on the back of increased feelings that the UK will avoid a no-deal Brexit. This could manifest next week in a Parliamentary vote on whether or not to rule out a no-deal Brexit. The Pound is much stronger on this news, plus the feeling that Brexit might ultimately be delayed in the...
Brexit vote to dominate Pound to Swiss Franc exchange rates

Brexit vote to dominate Pound to Swiss Franc exchange rates

Pound to Swiss Franc exchange rates The value of the Pound against the Swiss Franc has remained in a fairly tight range since the start of the year. However, in the last couple of days the Pound has made some small gains after the Swiss National Bank confirmed that their currency reserves have dropped slightly. We have also seen reports of positive sales of Swiss watches, which is one of Switzerland's largest exports. According to official reports Swiss exports hit 3.9% and are now over CHF...
GBP/CHF Forecast: Swiss Franc at best level against the Pound in over a year

GBP/CHF Forecast: Swiss Franc at best level against the Pound in over a year

GBP/CHF forecast: Brexit uncertainty causes Swiss Franc to gain vs the Pound The Pound is now trading at its lowest level to buy Swiss Francs in over twelve months as the political uncertainty surrounding the UK is continuing to negatively affect the value of Sterling exchange rates. Clearly the uncertainty of what may happen in the next three months before the end of March is causing investment in the UK to drop off in favour of more safer currencies, including both the US Dollar and the...
GBP/CHF forecast: Swiss economy forecasts for 2019 cut as Switzerland shows signs of a slowdown

GBP/CHF forecast: Swiss economy forecasts for 2019 cut as Switzerland shows signs of a...

GBP/CHF forecast: The outlook for the Swiss economy was cut just yesterday after it was reported that the economic output for the 3rd quarter of this year showed a contraction. Gross Domestic Product figures, which measure a country's economic output have now been cut for this year as well as next year which has softened the Swiss Franc only slightly so far. The economic growth has been hit by a stronger CHF which has lowered exports and the construction sector has also slowed down. Growth expectations...