Swiss Franc Strength on Brexit Woes (James Lovick)

The pound continues its slide lower against the Swiss Franc and by some way with a gradual but steady fall in July and August. The lure of the safe haven of the Swiss Franc is extremely apparent at present with considerable losses for GBP CHF over the last few weeks. UK inflation data released yesterday which arrived marginally higher than expected helped support the pound although only marginally. The inflation data is important as the weaker pound post Brexit is now having the effect of...

Sterling Makes Inroads Following Supreme Court Ruling (Matthew Vassallo)

Sterling has made inroads against the CHF  following this morning’s Supreme Court ruling, regarding the triggering of Article 50. This morning decision was being monitored from all quarters of the market, as the Supreme Court confirmed that the UK could not officially start proceedings to exit the EU until the decision had been ratified through Parliament. This was the widely expected result and to some extent had been priced in to the current rates on GBP/CHF but once again, the currency markets went against expectation and...

Steep Decline For GBPCHF

Sterling has struggled against all major currencies today with the Swiss Franc posting one of the days biggest gains against the currency. Although British Bank Nationwide today announced that UK property prices have increased at their fastest rate for a year and growing at a rate of 5.7% annually, this has done little to slow Sterling's decline. Swiss Franc bulls were boosted by news that Switzerland's March Manufacturing PMI figures came out better than expected today, and that news coupled with the on-going Port Talbot steel...

Why Are Sterling Exchange Rates So Low? Why Is The Pound Dropping?

Sterling exchange rates have taken another huge hit overnight as the trend of weakness for the pound continued straight at the start of the open on the Asian markets last night. The Pound dipped all the way down to the 1.02s against the Dollar and the 1.07s against Euro as investors and speculators rushed to drop the currency and this caused a great deal of weakness. So why are Sterling exchange rates dropping? Since the announcement of the mini-budget and Kwasi Kwarteng's plans to cut taxes we...
GBP to CHF remains buoyant at higher levels over the week

Risk sentiments key to GBPCHF exchange rates

The pound to Swiss Franc exchange rate has been volatile this week as markets get closer to understanding fresh news and information on global elements that could move the the Swiss Franc. Examples include the Trade Wars threatened by the US which could see the Swiss Franc rise in value since it is a safe haven currency. Other elements in the FX market are the news pieces from the Korean peninsula which tells us that the North and South are under discussions to negotiate better...

Pound to Swiss Franc exchange rates recover after difficult beginning to the week (Joshua...

The slides on Pound to Swiss Franc exchange rates which have been ongoing since last Thursday, but today it seems the slide has halted. GBP/CHF rates have hit the 1.26 mark again but seem to be holding steady. The reason for the stop in the slide? Finally some good news from the UK economy after a slew of poor news in line with the weather recently. Initially the Pound had been sliding because the discourse on whether the UK would be raising interest rates suggested that...

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...
Pound to US Dollar Exchange Rate Rebounds as Boris Heads to Brussels to Break Brexit Deadlock

Pound to Euro: Sterling Strength as Brexit Talks Resume

The pound has started the week off well and truly on the front foot against all major currencies; sterling has seen the biggest daily jump against euro for two months, with interbank levels for pound to euro sat above 1.1250 at the time of writing. With a market move of over 0.85% during yesterday’s trading those that have been waiting for the moment to secure a euro purchase will have had a promising day, but what could we see happen next for sterling exchange...

Pound hits 2 month high vs the Swiss Franc (Tom Holian)

The Pound has now hit the best rate to buy Swiss Francs with Sterling since January and is now only 2 cents from the highest level seen since the EU referendum held in June 2016. This is very good news for anyone looking to buy Swiss Francs at the moment. Indeed, the Pound has been finding a lot of support vs the Swiss Franc in recent weeks as global investors appear to be bypassing the CHF in favour of higher yielding currencies including the USD,...

Sterling close to pre-Brexit levels against the Swiss Franc (Tom Holian)

The Pound is now once again trading just shy of the best rate to buy Swiss Francs since the Brexit vote held in June 2016 which is great news for anyone looking to convert Sterling at the moment. The Pound is now trading at an 18 month high vs the US Dollar and the trend is similar to what is happening vs the Swiss Franc as well. With the US Dollar being sold off at the moment the same appears to be happening with the Swiss...