GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

GBP CHF Slips Back from 1.33

GBP CHF exchange rates have found support after what has been a steady week for the pound. Despite choppy trading the pound has been trying to push higher to 1.33 against the Swiss Franc. The Swiss Franc still remains one of the most overvalued currencies although this is unlikely to change anytime soon. The safety of the Franc is a lure for investors abnd with developments in the US and general global uncertainty the Swiss Franc is likely to remain strong. UK data is light tomorrow...

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...

GBP/CHF rates relatively stable ahead of ECB meeting (Joshua Privett)

The value of the Pound against most of its counterparts on the currency markets has been swinging wildly in recent days, yet GBP/CHF has been relatively steady. Even this morning the net change has only been 0.02%, a paltry amount compared to a GBP/EUR increase of 0.8% just yesterday. This is all tied to the anticipation that the European Central Bank may be announcing further financial stimulus next week. The Swiss Franc, as a well-known safe haven currency, is set to benefit hugely should this announcement come...
GBPEUR UK election: Why haven't pound to Euro exchange rates fallen?

Pound hits record low against the US Dollar, and drops significantly against the Euro

Yesterday was a very difficult day for the Pound as financial markets appear to have lost faith in both the Bank of England’s monetary policy and the new cabinet’s mini budget. Last Thursday the new Chancellor of the Exchequer, Kwasi Kwarteng announced his mini-budget outlining plans for a raft of tax cuts. Then over the past weekend he pledged further tax cuts in order to try and reinvigorate the UK’s stalling economy and attempt to counter the increasing inflation rates not seen in decades. His plans...

GBP/CHF Rates Rise Following UK Inflation Data (Matthew Vassallo)

GBP/CHF rates have risen during Tuesdays trading, continuing Sterling’s positive run over the past 48 hours. The Pound has gained almost 2 cents from this week’s low and despite the general trend being Sterling negative for much of the year to date, are we finally seeing Sterling bottom out ahead of the upcoming EU referendum in June? That may be a dangerous assumption but I do feel the Pound is now undervalued and I expect it to continue to find support around the mid 1.30’s...
GBP to CHF remains buoyant at higher levels over the week

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...
GBP to CHF remains buoyant at higher levels over the week

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...

Buying Swiss Francs – NIESR Numbers Today To Drive Sterling (James Lovick)

GBP CHF remains under considerable pressure following the British vote to withdraw from the EU with a continued flight to safety to the Swiss Franc. Despite some more upbeat UK retail sales data released overnight which arrived at the highest level for 6 months it hasn’t done the pound any favours today. All the same it is a positive release following Brexit and should be considered as an indicator for the health of the economy. Later this morning sees key releases for manufacturing production and...
Brexit vote to dominate Pound to Swiss Franc exchange rates

Swiss Franc gains on sterling

In recent weeks the Swiss Franc has been making up some of the losses witnessed against sterling over the last 12 months. CHFGBP 2 weeks ago was 0.7225 and currently sits at 0.7390. To put this into monetary terms a 200,000 Swiss Franc transfer into sterling generates clients an additional £3,300 and I expect this trend could continue in the weeks to come. For Swiss Franc sellers, I wouldn't get to excited as I don't believe we are experiencing Swiss Franc strength, in fact the...

GBPCHF find Strength following strong retail sales

GBPCHF shot up half a cent following the news Rates trading at a week high Could rates continue in Sterling's favour? UK special deal hints Sterling finds support following positive data It came as a surprise for some to see this morning's retail sales for the UK. Whilst the economic mood has been gloomy since their decision to opt out of the EU, the British economy has in fact, shown very little signs of economic instability. Unemployment rates and claimant counts were also down for July, inflation is also up...