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...

Sterling Could be in for a Rough Ride against CHF (Daniel Johnson)

There are several reasons for Sterling's decline against the Swiss Franc. There has been a drop from 1.49 in mid December to the 1.43s which is a very significant fall to anyone conducting large trades. China's growth has fell for ten months consecutively causing Global Economic uncertainty, there has been a mass stock sell off and carry traders are seeking safer investments moving away from riskier areas. There is also the EU referendum around the corner which will have big implications for Sterling value. Inflation...

GBP/CHF Rates Drop During Tuesday Trading (Matthew Vassallo)

GBP/CHF rates have dipped during Tuesday’s trading, with the pair dropping to 1.4380 at today’s low. The pound has struggled across the board so far this week and this morning’s Industrial & Manufacturing Production figures have only enhance that trend. Both came out below expectation and this is likely to be the catalyst for today’s drop. The CHF has benefited from the recent downturn in UK data and has gained almost 6 cents in the last month against GBP. This has provided some excellent selling...

GBP/CHF rates lose ground from yesterday (Joshua Privett)

Sterling's rally yesterday after a recent string of poor news has evaporated by morning. GBP/CHF rates are now back below 1.45 as Sterling moves back to where the week began. There is no explicit data released to explain this move. Frankly, the same background forces which are weakening the Pound and therefore making the Swiss Franc more expensive to buy. Concerns about flooding in the North and West of the country have been compounded by the sudden cold snap which is making relief efforts slower and...

GBPCHF – Sterling strength drives markets up (Steve Eakins)

GBPCHF rates have been climbing this week in early trading. A majority of this has come from the certainty out of China whom has had a better start than most days of last week. Plus personally I put this does to 'profit taking' of the market as traders that have rode the market down last week sell off positions and take their profits from the trade. this influx of money onto the system pushes up demand and therefore value. Moving forward I don't expect this...

Will The SNB Intervene in markets again?

The Swiss National Bank intervened in the currency markets in to guarantee the Franc was worth no more than 1.2/ 1 Euro. This artifical level had see some major fluctuations on the EURCHF pair which resulted in some big moves on the euro and CHF against all other currencies. The SNB then pulled out the EURCHF floor following the Eurozone extensive QE programme launched in 2015 as the EUR began to depreciate massively against its counterparts leaving the CHF on the backfoot through no real...

Swiss Franc forecast is here -Keep checking back for regular updates!

Swiss Franc forecast is here and we will be giving you regular updates on Swiss Franc exchange rates. Keep checking back here and we will ensure that you are kept fully up to date with what has happened and what we have coming up that may impact your currency exchange.