SNB leave interest rates on hold - what next for GBP/CHF rates

SNB leave interest rates on hold, what next for GBP/CHF rates?

This morning the Swiss National Bank have left interest rates on hold at 0.75%, and market reaction between GBP/CHF has been limited. The Swiss Franc has rallied slightly against the US dollar and the Euro as forecasters were suggesting the SNB could cut interest rates further, however the events last night in the UK I believe outweighs the interest rate decision in Switzerland. GBP/CHF rates: Pound rallies against Swiss Franc The pound is rallying against the Swiss Franc as Prime Minister Theresa May managed to overcome...
GBP/CHF forecast - Brexit uncertainty ahead causing movement for GBP/CHF

GBP/CHF forecast: Brexit uncertainty ahead causing movement for GBP/CHF

In today's GBP/CHF forecast we look at why the Pound has been coming under a huge amount of pressure recently against the Swiss Franc. Those that have been following the currency markets will be aware that the pressure on GBP is largely owing to the uncertainty caused by the ongoing Brexit talks. We are now just over a week away from arguably one of the biggest events in British political history when MPs will decide whether or not to approve Theresa May's current Brexit...
GBP to Canadian Dollar forecast: Sterling falls as no deal looks more likely

Further falls for GBP/CHF exchange rate

Over the last 4 weeks the pound has continued its decline against the Swiss Franc which is no surprise. Global events including Brexit, Italian debt problems and Trade wars are prompting investors to sell off their risky currencies and invest in safe havens such as the Swiss Franc. Since the start of the month the GBP/CHF exchange rate has dropped from 1.3160 and is currently trades at 1.2685. To put this into monetary value a 200,000 Swiss Franc purchase now costs clients an additional £5,700...
Pound to Swiss Franc - Swiss Franc strengthens due to events around the globe

Pound to Swiss Franc: CHF strengthens due to events around the globe

The Swiss Franc is known as a safe haven currency which means investors buy the franc in times of uncertainty. Over the last couple of weeks the Franc has been gaining ground against most major currencies as events around the globe unfold. Brexit key driver for Pound to Swiss Franc rate Brexit continues to put pressure on sterling and we are still waiting to find out if a vote of no confidence is called. The Prime Minister is in Brussels today meeting with Jean Claude Juncker....
GBP to CHF Uncertain before Brexit Vote 12th March

GBP/CHF Forecast: Breaking News – Crunch time for Theresa May

Today at 2pm UK Prime Minister Theresa May will ask senior ministers to sign off on her Brexit deal, even though she is facing accusations of betrayal from her previous colleagues. Overnight the PM met with cabinet ministers and discussed the 500 page whitepaper and ex-cabinet minister David Davis and Boris Johnson pleaded that the cabinet reject it this afternoon. Boris Johnson went one step further and told the press that this deal means its the first time in 100 years that the UK wont...
Sterling hits highest buying level against Swiss Franc since August

Sterling hits highest buying level against Swiss Franc since August

The Pound has made good gains against the Swiss Franc over the course of November. The GBP/CHF rate has hit the highest level since August, smashing through the 1.30 level. Sterling strength: Rumours of Brexit deal agreement lead to Sterling boost The main reason behind the rise in value of Sterling is the positive vibes surrounding Brexit. It now appears that a Brexit deal for the UK is edging closer. However, anyone looking to buy Swiss Francs with Sterling still needs to be cautious. The rug...
Swiss Franc at 5 month highs vs the Pound

Will Switzerland’s strong economy ensure the CHF remains strong?

The Swiss Franc continues to remain very strong compared with the Pound, and this is reflected in its value which is within 3 cents of its annual high, which was hit at the beginning of last month. Mid-market levels are around 0.77 and the high point was just over 0.80. The highest point in recent times was in the 0.83s a few months after the UK's Brexit vote back in 2016, and these levels are around double those of a decade ago when the Swiss...
Sterling breaks 1.30 against the Swiss Franc

Sterling is up against most majors – Breaks 1.30 against the Swiss Franc

Sterling has risen back above the 1.30 mark against the Swiss franc during trading this week, as uncertainty over a no deal Brexit appears to be lifting, with there now being a chance of a deal being announced as soon as next week. Sterling has risen against a number of major currencies and has broken back above the 1.30 level against the Swiss franc for the first time since July. Next Thursday and Friday we have the next EU summit regarding Brexit which had originally...
Mark Carney steadies GBP/CHF rates on global viewpoint

Will the upward trend for GBP/CHF continue, and what factors are influencing the pair...

It's been a bullish few weeks for the pound's value during September up until now, with the pound gaining on the Swiss Franc by over 3% during this time. Sterling is trading at the highest levels against CHF since early August, which is a similar situation to the pound's performance against the euro. Sterling is climbing against most major currencies at the moment, with hopes of the Irish border issue being resolved shortly. The next EU Summit is just 2-weeks away and I would expect...
Cross-party Brexit talks breakdown, with GBP Suffering as a result

Brexit Deadline Day could cause substantial Sterling strength

GBP/CHF - Brexit is still dictating Sterling value at present. There have been signs of progress with Chief Brexit Negotiator for the EU, Michel Barnier stating it is realistic that a deal could be agreed in 6-8 weeks. The current deadline for a deal to be put in place is 18th October, however it is an open secret that an emergency summit could take place on the 13th November to hopefully finalise a deal. I expect there to be high levels of volatility in the build...