Pound to Swiss Franc forecast Brexit limbo hurting Sterling

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...

Pound to Swiss Franc rate remains above 1.32, but what can we expect from...

The Pound to Swiss Franc buying rate has remained above 1.30 since late October, and I wouldn't be surprised to see the rate continue to climb from the current levels in my personal opinion. The global economy appears to have recovered from the crisis 10 years ago now, and with interest rates increasing within developed nations now and especially with the Fed Reserve Bank's target's of a further 3-rate hikes this year, I expect risk appetite to increase and for the Swiss Franc to weaken...

Will GBPCHF rise above 1.30?

The pound to Franc rate has risen above 1.30 lately as expectations on the pound to rise increase and risk appetite slides. With the potentially extremely volatile North Korean situation reducing in volatility investors have been withdrawing their holdings of Francs which has seen the currency weaker. The pound had risen as the belief of a trade deal for the UK increased and investors fought to get behind the pound. There is still plenty of possible weakness ahead for the pound, principally as a result...

Where next for GBPCHF exchange rates?

The pound has risen back over 1.30 against the Swiss Franc as investors feel a softer Brexit is more likely. The pound has been a large driver on the Franc lately as investors look for clue on Brexit and what might happen next, principally what kind of trade deal the UK will ultimately end up with. The Franc remains historically very strong against the pound but may well weaken further as global events and risk sentiment remove the need for investors to be holding...

GBPCHF rates slide on UK news and global risk events!

The pound to Swiss Franc exchange rates has slipped to some of the lower levels in two months as concerns over the Italian political situation fuels a shift into safer haven assets like the Swiss Franc. We have also had a reduction in the interest rate forecast for the UK which is removing pressure on the Bank of England to raise interest rates and seeing the pound slightly softer. The longer-term direction for the pound to CHF rate could be towards a higher level as...

Sterling’s value testing further into 1.30’s on GBP/CHF (Joshua Privett)

Economic data for the UK continues to impress as buying levels for GBP/CHF continue to improve back above 1.30 for a sustained period. The key data releases in September which have caused these movements have come from economic data company Markit, who have published three recent surveys of business confidence in the manufacturing, construction and service sectors. GBP/CHF rallied a full cent last Thursday on the news that the manufacturing sector grew in confidence by the largest amount within a single month in over 25 years....
Swiss Franc at 5 month highs vs the Pound

EU summit to dictate GBPCHF exchange rates

Since the end of August the pound has been making inroads against the Swiss Franc and recovering from the dramatic drop in exchange rates since the Brexit vote over 18 months ago. GBPCHF has gained 8 cents in 4 months. To put this into monetary value, clients converting £200,000 into CHF now compared to 4 months ago will achieve an additional CHF16,000. This week EU officials will meet in Brussels to discuss Brexit at the EU summit. In recent weeks the Brexit negotiations have been...
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...

Sterling hits best rate to buy Swiss Francs since the EU referendum

The Pound has started the week off on a very positive note vs the Swiss Franc breaking past 1.34 which is close to the highest rate to buy Swiss Francs since the EU referendum vote back in June 2016. The Swiss Franc is often used as a safe haven currency but with the US having raised interest rates last week it appears as though global investors are moving away from the Swiss Franc and into alternative currencies. The Pound has also had a very good run...
GBP to CHF weakness after no majority for alternative Brexit

CHF makes gains against Sterling

The Pound has suffered against the Swiss Franc of late, but Sterling still remains only two cents below the highest levels in 18 months. I think this can be put more down to Sterling weakness than Swiss Franc strength. Could Bank of England rate hike now be off the cards? A rate hike from the Bank of England (BoE) in May was largely factored into the exchange. Unfortunately following a host of poor data releases, including the worst GDP figures in five years it seems as...