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...

CHF falls in value, safe haven demand falls

The CHF has changed massively over the last few weeks being a huge beneficiary of the world uncertainty through January and February. The CHF is widely seen as a safe haven meaning investors move their funds into that currency in times of uncertainty. Recently however the world has started to settle, only since yesterday really when China returned into the market after their festive break. With them out for most of last week the world managed to calm itself and this was ecoed yesterday as...

Swiss Franc finally deflating as global uncertainty lifts? (Joshua Privett)

The Swiss Franc has enjoyed a month of heavy strength and gains against most major currencies due to its famous status as a safe-haven currency. In times of uncertainty the Swiss Franc regularly bolsters in strength, proven by the largest currency movement in a single day every recorded last January, when it was announced that the Euro was no longer pegged to the Franc. However, it seems that the recent slide on the stock markets which is causing such global panic and funnelling funds into the Franc...

GBP/CHF Rates on the Slide! (Matthew Vassallo)

GBP/CHF rates have dropped again during Thursday’s trading, with the recent negative trend for Sterling showing no signs of letting up. The Pound is coming under pressure across the board and with the media spotlight on the EU referendum and a possible “Brexit” at present, it is unlikely to breed market confidence in the Pound. Whilst this scenario is unlikely in my opinion, just the uncertainty it creates is enough to cause Sterling to weaken. GBP/CHF rates have been on a steady slide but this...

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...