GBP/CHF Rates Fall as Brexit Timetable is Confirmed (Matthew Vassallo)

GBP/CHF rates have fallen slightly this week with the pair now trading around 1.2750, having started the week above 1.29 on the exchange. Sterling has come under pressure again due to the Supreme Court ruling regarding the triggering of Article 50. The Supreme Court is likely to back up the High Court’s ruling, which means the referendum result will have to be ratified by Parliament. Despite this, MP’s last night voted in favour of the Governments timeline to start our exit from the EU in...

CHF Forecast – Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

GBP/CHF rates have fallen during Friday’s trading, ending Sterling’s positive run from earlier this week. All eyes have been on the Davos economic summit in Switzerland, where global leaders have met for the annual review of the financial global markets. Key figureheads including UK Prime Minster Theresa May, US President Donald Trump amongst other, have shared their views on the financial global climate. Switzerland remains one of the key financial hubs and despite the CHF being overvalued against both the Pound and EUR, according to various financial...

What lies ahead for GBPCHF in 2017?

I am reading a lot about the pound in 2017 which is likely to be as volatile as in 2016. But the Franc is a harder beast to predict. Loosely tracking the euro but subject to its own rules and trends GBPCHF could be an interesting pair to watch in 2017. There are numerous global events which can shape the direction on the Franc and clients looking to exchange pounds into Francs or move Francs back to the UK should be considering the path...

GBPCHF exchange rates have slipped on sterling weakness

The pound has weakened further this week as investors fears over the likelihood of any interest rate in the UK take shape. There is a very high probability that this Thursday the UK Bank of England will cut their interest rate this Thursday which will lead to some sharp weakness on the GBPCHF exchange rate. Clients looking to buy or sell the Franc against the pound should be weary of this event which takes place this Thursday afternoon. If you are in a position...

GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)

GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years. The Pounds woes have been well documented but with a key day of economic data releases ahead, is it all about to change? This morning we will get a ruling from the high court on whether the now infamous Brexit vote must be ratified by MP’s in Parliament. If this is indeed the case we may see Sterling gain...

Will the Pound recover against the Swiss Franc? (Tom Holian)

Sterling vs the Swiss Franc has been climbing recently as the Brexit talks appear to be going the right way at the moment. The talks are progressing and it has been confirmed that the government will be allowed to vote on the final agreement prior to the triggering of Article 50. The Pound is still under huge pressure against all major currencies as it is still not yet clear as to whether the UK will opt for a hard or a soft Brexit. However, every time power...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

GBP CHF Falls Below 1.30

The pound has fallen dramatically against the Swiss Franc with rates for GBP CHF falling to below 1.30 once again. The Swiss Franc has seen a surge in its value after this week’s financial market volatility which started on Monday. The stock market crash in the US which fell by 4.6% on Monday has created volatility for all of the major currencies as wee as global equities. The Swiss Franc which is a safe haven currency generally performs well when events like this happen. The...

GBP CHF Supported ahead of UK Interest Rate Decision (James Lovick)

The pound still remains on the back foot against the Swiss Franc with rates for GBP CHF sitting just below 1.25 for this pair. The pound is struggling to gain momentum against all of the major currencies as Brexit is just around the corner. The March deadline by which Theresa May has promised to invoke Article 50 and proceed with leaving the European Union is very much upon us and considerable volatility for sterling exchange rates is to be expected. A debate is taking place...
Pound to Swiss Franc forecast Investors flock to the CHF will the Swiss National Bank curb demand for the Franc?

Pound soars after Brexit bill breakthrough, will the upward trend continue? (Joseph Wright)

The Pound spiked upward today across the board of currencies today, after speculation of a final agreed amount for the Brexit bill has supposedly been agreed. The figure is rumoured to be around the £50bn mark and the markets have welcomed the news, as the likelihood is that that the path of trade negotiations will now be cleared. Up until now this has been a sticking point, so I think that should the rumours be true and the figures be made official, I wouldn't be surprised...
GBP/CHF forecast: Swiss economy forecasts for 2019 cut as Switzerland shows signs of a slowdown

Could Sterling face further losses against the Swiss Franc? (Daniel Johnson)

May fails to gain political stability Theresa May spoke yesterday at the annual conservative party conference in Manchester. Her aim was to unite the party and bring stability to the conservatives. She didn't. She coughed throughout  the speech and managed to drop party leaflets on the floor to add insult to injury. A member of the public managed to breach security and hand her a P45 which had a fake Boris Johnson signature inscribed. In house bickering and the uncertainty of May's job is not helping...