GBP/CHF rates beginning to recover (Joshua Privett)

Buying rates for Swiss Francs, GBP/CHF, have seen an uplifting rise from the absolute lows recorded at the start of April. Moving upwards to the tune of almost 4 Cents, those conducting property purchases or business purchases overseas will find that rates of exchange are now yielding 4-5 figures higher as a Swiss Franc return. Sterling has enjoyed a much more positive tone on the currency markets over the past week and a half following the improvements in the Remain campaigns performance on the polls...

UK Interest Rate Decision to take Centre Stage. (Daniel Johnson)

With little data of consequence out for CHF this week all eyes turn to the UK. Sterling has had a torrid time of late Post Brexit. There has been a brief rally today when UK construction purchase managers index (PMI) data came in better than expected. I think this rally will be short lived however. There is a high chance of a UK interest rate cut on Thursday from the already record low of 0.5% to 0.25%. This info is common knowledge so I...

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...

Bank of England to influence GBPCHF exchange rates

Tomorrow the monetary policy committee from the Bank of England will vote to decide the interest rate for the upcoming month. No change is expected from 0.5%, therefore I expect the actual decision to be a non event. However shortly after the event Governor of the Bank of England Mark Carney will deliver his monetary policy statement which will be followed by a question and answer session. Regular readers will be aware that speeches given by governors of central banks can have a major influence...
GBP to CHF remains buoyant at higher levels over the week

Will Switzerland’s strong economy ensure the CHF remains strong?

The Swiss Franc continues to remain very strong compared with the Pound, and this is reflected in its value which is within 3 cents of its annual high, which was hit at the beginning of last month. Mid-market levels are around 0.77 and the high point was just over 0.80. The highest point in recent times was in the 0.83s a few months after the UK's Brexit vote back in 2016, and these levels are around double those of a decade ago when the Swiss...

Pound set for another eventful day – Will the Pound rise or fall?

The Pound is set for a fairly volatile trading day again today, with politics being firmly in focus over the course of the day. The latest Chancellor Jeremy Hunt is due to release an emergency statement on the mini budget at roughly 11am today, which may involve further U-turns, tax hikes and changes to the plans laid out by Kwasi Kwarteng merely a few weeks ago. That mini-budget sent the markets into turmoil and dented the pounds value significantly, his exit and a U-turn recently have...

GBPCHF to hit 1.50?

The pound to Swiss Franc exchange rate has spent most of 2016 hovering around 1.40 but could easily make a break above 1.50 if we see a Remain vote later this month from the UK. Most forecasters believe the overall result will be a Remain vote in the UK EU Referendum and this will help the pound to spike higher. The pound to CHF rate has not been at that kind of level since November 2015 and this would be an excellent opportunity for...
GBP to CHF remains buoyant at higher levels over the week

GBP CHF Breaks 1.35

The Swiss Franc has come under another wave of pressure with a devaluation through this week. Rates for GBP CHF have now climbed to 1.35 this afternoon presenting those clients looking to buy Swiss Francs with some of the best opportunities to purchase since the Brexit vote for Britain to withdraw from the EU. A member of the Swiss National Bank Andrea Maechler was recently reported saying that “The pressure on the Swiss Franc is still there, the currency has devalued and the over...

GBP CHF Rates Hold Steady Before UK GDP (James Lovick)

The pound has tailed off from its recent high against the Swiss Franc over the last couple of weeks with rates for GBP CHF sitting at 1.27 for this pair. The pound seems to have climbed as far as it can against most of the major currencies with the current economic and political factors at play. In my mind the next direction will come from the Supreme Court ruling which is expected to be made early in January 2017. It has the potential to...

Is the true damage of the Brexit vote now showing its face (Daniel Johnson)

The UK has had positive data releases of late, going against the grain. Many analysts predicted that data post-brexit would be negative an Sterling would fall in value against the Swiss franc as a result. Instead we saw the biggest single rise in manufacturing figures in a single month for twenty-five years. UK retail data was also very positive and caused the pound to rise against the majority of major currencies. Yesterday saw an end to the impressive data with the releases with Producer Price Index...