GBP to CHF remains buoyant at higher levels over the week
Yesterday, we saw the pound to Swiss franc interbank exchange rate range between a high of 1.2118 and a low of 1.2059.
Gilead Sciences have announced that they may have made an antiviral medicine to treat COVID-19, which gave confidence and much needed support to the global markets. According to a medical news website STAT, patients on clinical trials have seen people affected with the Coronavirus are released within a week. If it approved by the Food and Drug Administration in the United States, it...
GBP to CHF Rate: Sterling Supported Against the Swiss Franc as Boris Johnson’s Health...
The GBP to CHF interbank exchange rate today has been ranging between 1.2017 and 1.2092. The pound looks supportive today on the back that Prime Minister Boris Johnson, is on the road to recovery from Covid-19.
Swiss Economy Expected to Shrink Possible 10%
Switzerland has had over 23,000 cases of the Coronavirus that has had a negative impact on their economy with current expectations that their economy could shrink as much at 10%. Many industries in Switzerland have been affected including the manufacturing and industrial...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March
GBPCHF exchange rates remained volatile during yesterday’s trading, with the currency pairing reaching its highest levels in over two weeks during the course of the day. The economic and social impact of the Coronavirus pandemic continue to be the main driver behind exchange rate movement, and this is likely to continue as economic data releases from around the globe highlight the detrimental impact of the spread of the virus.
Swiss Manufacturing Output Drops to Lowest Levels Since 2009
Data released from Switzerland yesterday pointed to a...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing
The pound continued to strengthen against the Swiss franc yesterday following the news that the UK’s current lockdown situation appears to be slowing the spread of COVID-19, causing a 0.85% movement in GBPCHF exchange rates throughout the day.
Scientists at the London School of Hygiene & Tropical Medicine questioned 1,300 people in the UK in an online study, which found that the average number of daily contacts was down 70% now compared to before the country went into lockdown and social distancing measures were...
GBP to CHF Forecast: Is the CHF Still a Safe Haven Currency?
The pound to Swiss franc exchange rates over the past month have followed a very similar patterns to many other currency pairings involving Sterling such as GBP/EUR and GBP/USD. The start of March saw rates at 1.24 which is mid-range over the past 3 years but swiftly plunged over 10% to 1.11 on the 19th March – the same day that the GBP/EUR and GBP/USD all arrived at their multi-year low. In comparison to the Swiss franc, this was a record low never reached...
Telephone Post Brexit Talks, Helps the Pound Continues Its Climb Back up Against the...
The pound has continued its rival against the Swiss Franc after seeing a low at 1.1090, the pound has recovered to 1.1880. As the spread of Covid-19 has taken over the world and increasingly dominating headlines for the first part of 2020, it has been the first major topic to overshadow the Brexit story much talked about for the last 4 years in Europe but particularly the UK. With the coronavirus putting the world on lock down it had been feared that with...
Pound to Swiss Franc outlook: CHF continues to test highs against major currencies as...
Swiss Franc enjoys highs as the 'safe haven' currency is driven by global tensions
The pound to Swiss franc continues to test the lower levels as a result of both Brexit uncertainty resulting in sterling weakness and the global uncertainty which is most likely pushing the Swiss franc from strength to strength. The Swiss franc retains is status as a safe haven currency and in times of global economic and political uncertainty tends to strengthen considerably just as the price of gold tends to increase...
Pound to Swiss Franc forecast: Investors flock to the CHF, will the Swiss National...
Sterling slides against the Swiss Franc as Brexit and the global economic outlook weigh on the Pound
The pound to Swiss franc exchange rate has fallen lower below 1.20 for the GBP vs CHF pair with interbank rates currently sitting at 1.189. The slide in the pound against the Swiss franc has presented those looking to sell Swiss francs with an opportunity to convert when compared to recent months. Brexit is one factor which is most likely putting pressure on the price of sterling, but...
Pound to Swiss Franc exchange rates remain docile despite yesterday’s UK political developments
Movement for the Pound to Swiss Franc pair limited
Pound to Swiss franc exchange rates have remained relatively rangebound this week, despite yesterday’s political developments inside the UK. Whilst the GBP/CHF pair is historically less volatile than GBP/EUR for an example, a range of only two cents movement over the past month is testament to the current market uncertainty.
GBP has hit a high of 1.2457, whilst trading at a low of 1.2252 within this time frame. This has meant that those clients looking to sell...
Pound to Swiss Franc forecast: Will GBP/CHF rates fall below 1.20?
The pound to Swiss Franc exchange rate has been on steady decline since May when it peaked at 1.3397. Since then, it has fallen to 1.2245 as Brexit uncertainties continue to weigh on sterling, with the market feeling the prospect of a no-deal Brexit has increased. The franc has also risen in value owing to its status as a safe haven currency, and the continued fears over the global economy.
Swiss Franc enjoying the benefits of its safe haven currency statue
The franc is a safe...
