GBP/CHF rates tumble following ECB decision (Joshua Privett)

GBP/CHF rates have taken a massive dive today following another clear example of a seriously negative events bolstering a safe-haven currency such as the Swiss Franc. In this instance, the European Central Bank decided to cut their base interest level to 0.0, in a bid to stimulate spending due to their recent worries with deflation. This decision signaled a mass sell-off of Euros and the capital was moved into nearby safe-haven currencies, in this case the Swiss Franc. Severe increases in demand are what regularly cause the...

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...

Swiss GDP Figures Better Than Expected (Matthew Vassallo)

The CHF received a boost during early mornings trading, following better than expected Gross Domestic Product (GDP) figures. The figure of 0.4% came out above the expected 0.2% and initially gave the CHF a boost against GBP, with the pair dropping to 1.3886 at today’s low. Despite the improved figure the CHF failed to hold it value, with GBP making a recovery back above 1.40 at the time of writing. Sterling has found some support over the past 48 hours and it seems as though...

Will GBP/CHF Rates Recover Above 1.40? (Matthew Vassallo)

GBP/CHF rates have levelled out during Friday’s trading, providing some much needed respite for those clients holding Sterling. The Pound has found some support following a tough run, with the on-going media focus surrounding a possible “Brexit” from the EU dominating media headlines. This is causing investors to panic and we have seen huge GBP positions sold off, which in turn is dragging Sterling’s down. The problem is the uncertainty that has been created is not allowing Sterling to receive any sustained market support and...

GBPCHF Sinks!

GBPCHF has slipped further and further as the pound dives and Franc soars on global uncertainty. The Franc is used by investors in times of uncertainty and despite negative interest rates investors like to hold their deposits in the Franc in anticipation of better rates down the line. WIth the pound likely to come under much further pressure due to the Referendum we are bound to see this rate continue to slide. If you are buying CHF I really would suggest moving sooner rather...

GBPCHF Rates and forecast

GBPCHF rates have been hit hugely recently with rates dropping across the board for anyone with GBP to sell. The reason for this is simply the BREXIT debate hitting the demand for the pound and as a result sterling value has been falling. This is expected to continue over the next 120 days as the battle ground is drawn and a slowdown in economic investment and therefore performance is seen in the UK economy. As the market traders are expecting this we can happily see...

GBP vs Swiss Franc falls 3 cents (Tom Holian)

Sterling vs the Swiss Franc has fallen by as much as 3 cents during today's trading session as the UK feels the effects of Boris-Gate. The Swiss Franc is often used a safe haven currency and as confidence in the Pound has plummeted this has caused the CHF to strengthen falling into the 1.38 levels today. UK GDP is due out on Thursday and any signs of further falls could see GBPCHF rates get even worse than they are at the moment. If you have a currency...

Swiss Franc gains and loses ground in the same day (Ben Fletcher)

Today saw the biggest drop for Sterling since 2009 against the dollar and against Euro it was 1% down in the 1.28’s.  Boris Johnson joining the leave campaign created a lot of momentum and will most likely become the main focal point for the campaign. However the market recognised Mr Johnson joining the campaign as a real threat and Sterling struggled against all currencies. Tomorrow there will be a large amount of German data releases and as the engine room for the Euro this...

GBP/CHF losing most recent gains (Joshua Privett)

GBP/CHF rates seem to be faltering once more as the EU summit enters its second day of negotiations.  Previously Sterling had been gaining against almost all major currencies yesterday following positive developments during talks undertaken by Cameron to avoid an EU referendum. However, yesterday could be described as a prequel to today's main event. The discussions on Thursday were largely concentrated and aimed at the simpler agreements which could quite easily be addressed and put to the side. The stickier talking points will be addressed today which is...

GBP/CHF Rates Spike During Thursday’s Trading (Matthew Vassallo)

GBP/CHF rates have spiked up during Thursday’s trading, with the pair hitting 1.4310 at today’s high. With the Pound gaining almost 2 cents, the key question now is whether this trend will continue. Sterling seems to have found some support across the board and with little economic data of note for the UK today, the focus is on UK Prime Minister David Cameron and his talks in Brussels. It may be that we are starting to see the markets factor in a positive outcome...