GBP/CHF Rates Crash Following Poor UK Data (Matthew Vassallo)

GBP/CHF rates have crashed during Thursday’s trading, following a poor set of data for the UK. The pair dropped to a low of 1.4462, despite opening above 1.47 and continued Sterling’s poor showing since the turn of the year. What was dubbed by investors “Super Thursday” was anything but and the Pound has lost value across the board. Pressure is building and with the Bank of England (BoE) cutting growth forecasts again for the UK, I do not expect this trend to change over the...

GBP/CHF rates fall following nervous attitudes towards Sterling (Joshua Privett)

GBP/CHF rates were put under pressure this afternoon following same anxiety about the first look into growth during the UK in the last quarter of 2015. The data will be released tomorrow morning, so markets seem to already be pricing in the results with the net flow being an obvious sell-off of the Pound as the afternoon progressed. Due to the recent flooding and the worsening global business climate, the last three months of 2015 were a testing period for economic output. Individually, each month, growth figures...

Positive Movements for Sterling vs the Swiss Franc (Tom Holian)

We have seen big gains for Sterling vs the Swiss Franc during today's trading session by as much as 3 cents from the high to the low or the difference of 2% on a currency transfer. Markets have moved owing to the uncertainty coming out of China recently and the reversal of carry trade currencies which includes the Swiss Franc and hence the reason for the massive movement experienced today. UK GDP figures are due out on Thursday which could cause Sterling to fall and lose...

GBP/CHF rates set to test the lower 1.40’s once more?

The Swiss Franc has steadily been getting more expensive since December. This has mainly been a factor of Sterling weakness rather than any Strength in the Swiss Franc, but this may change by tomorrow morning. Tomorrow import, export, and trade figures for the Swiss economy will be released for the month of December. Which may finally see a turnaround after previously being a major burden to economic growth in recent months. The Swiss economy suffered in 2015 once it unpegged its currency against the Euro. Its...

Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

This morning saw the release of UK unemployment figures which came in better than expected but has done little to bolster Sterling against the majority of major currency pairings. There are several significant factors causing the Pounds weakness. the pending EU referendum, the Chinese slow down and worrying inflation levels hindering any possibility of a rate hike.  The question is could things get worse? Personally having evaluated the situation in great detail if I was a CHF seller I would probably look at take...

UK Unemployment at 10 Year Low but the Pound Remains Under Pressure (Matthew Vassallo)

GBP/CHF rates have fallen over the last month, with the Pound coming under increasing pressure against most of the major currency pairs. With GBP losing value at an alarming rate, those clients holding Sterling would have been relieved to see this morning’s UK unemployment figures. With the official rate falling to a 10 year low and above market expectation, the Pound immediately gained support and GBP/CHF rates spiked back above 1.42.   The recent decline of the Pound has been a shock for many clients and...

Swiss Franc strengthens against Sterling (Tom Holian)

Bank of England governor Mark Carney has once again caused Sterling exchange rates to plummet vs the Swiss Franc as he has suggested that UK interest rates will continue to remain on hop until the British economy is ready. Inflation showed a rise for the UK this morning but this has done little to strengthen the Pound. UK unemployment data is due out in the morning and this could provide some respite for GBPCHF rates. However, I still think we'll see further falls for the Pound...

GBPCHF levels falling

The price of buying any currency with the UK pound got significantly higher today. This was following commentary from mark Carney the head of the Bank of England, when he confirmed expectation in the market that exchange rates will probably not climb in 2016. This resulted in an exit out of the UK pound making it weaker. Cheaper to buy but more expensive to buy anything with. The UK Pound has generally been getting weaker through 2016 as commodity prices and stock markets fall globally. As...

Sterling crashing is creating excellent opportunities for Swiss France sellers (Joshua Privett)

Sterling has continued to be hurt on the markets as a result of the mounting problems caused by flooding, alongside rumours of a potential 'Brexit', which are causing the value of the Pound to tumble in a similar way to what we were seeing during the Scottish Referendum. Essentially uncertainty is not good for business... The Swiss Franc by contrast is benefiting from the recovery over in the Eurozone which is seeing its own position surrounded by Eurozone nations as more secure. Those with Swiss Francs to...

Best time in 6 months to sell CHF for GBP!

Recent GBP weakness has presented the best time in 6 months to sell CHF for GBP. The expectation is that this will continue since sterling appears to still be in a very dark place. Expectations are for there to be lots of uncertainty surrounding the UK's possible 'Brexit' and EU Referendum. Whilst no dates have been set, expectations are skewed towards a very tough time for GBP. The Franc itself has been stronger with confidence coming back to the European economy. Demand has improved in...