Pound to Canadian dollar outlook: Factors that are impacting sterling

GBP CHF supported on Transitional Brexit Deal

The pound has proven extremely resilient against the Swiss Franc with rates for the GBP CHF pair now sitting at 1.3450. GBP CHF has been given a considerable boost after the transitional agreement was reached last week between Britain and the EU which has helped support the pound considerably. The transitional deal gives Britain access to the single market for another 18 months which should prevent what has been described as a cliff edge Brexit. There are currently some much better opportunities to buy Swiss...
Swiss Franc at 5 month highs vs the Pound

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...
Pound finds support against the Swiss Franc but for how long?

Pound to Swiss Franc exchange rate continue to rally (Joshua Privett)

The Pound and the Swiss Franc have had a strange relationship since the missile strike by the US on a Syrian Government airbase last week. Pound to Swiss Franc exchange rates plummeted before recovering and then exceeding expectations as we entered into the weekend. The 'anomaly' as some are now calling it, was a surge in Swiss Franc strength for a few hours in the initial reaction to the strike, but then the markets corrected themselves back to pre-strike levels once it was concluded that...

Will Sterling improve against the Swiss Franc in March? (Tom Holian)

The Pound has showed signs of improvement recently against the Swiss Franc after the tone surrounding Brexit appears to be softening. The discussions yesterday at Chequers appear to have gone well and this has given the Pound a boost against all major currencies including vs the Swiss Franc. Indeed, there are a number of reasons why the Pound has made gains since the start of the year. Firstly, with inflation continuing to be on the increase and constantly remaining above the government's target the Bank of...
Pound to Swiss Franc Forecast: GBP/CHF rate hits near 1-year high

Swiss Franc to have a positive end to the week vs the Pound

The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and see approach as to what might happen in the medium to long term. The Pound fell marginally during this time after the Bank of England once again decided to keep interest rates on hold at a split of 7-2 in favour of keeping the rates the same. Over the next couple of days there is limited data published both here...
Brexit vote to dominate Pound to Swiss Franc exchange rates

Best time to buy Swiss Francs with Pounds since Brexit (Tom Holian)

The Pound has now hit its best rate to buy Swiss Francs since the Brexit vote in June 2016 as the Pound has really improved following the positive news surrounding the latest Brexit topic. Rumours are increasing that the UK are trying to agree figures with the EU with the divorce bill of approximately €50bn and if this can be agreed at some point we could see further gains for Sterling exchange rates against all major currencies including vs the Swiss Franc. The sticking point however...

Pound falls vs Swiss Franc following UK Construction Data (Tom Holian)

The Pound has slipped vs the Swiss Franc this morning following the release of British construction data published earlier on this morning. The data was lower than expected and came to its slowest growth since September as uncertainty surrounding future plans regarding what will happen with the Brexit talks. The Pound has however seen some gains vs the CHF over the last few months as the tone of the Brexit appears to be softening at the moment. There are also rumours that the Bank of England...

Brexit continues to put pressure on GBPCHF exchange rates (Dayle Littlejohn)

Within the last 72 hours there has been significant developments in regards to Brexit. UK Prime Minister Theresa May has announced she will begin the process of withdrawing from the EU by March 2017. Furthermore Chancellor Phillip Hammond addressed the public yesterday and announced that the UK have a tough time ahead because of the Brexit and he expects business confidence to be up and down. He went on to exclaim his aim will to be to priortise building new homes and improving transport...

Uncertainty surrounding US Tax cuts could benefit CHF (Daniel Johnson)

CHF - The Safe Haven of choice for the savvy investor The US dollar is usually the investors destination of choice if you looking to put your money into a safe haven currency. It is also offers reasonable returns due to the favorable interest rate. The Federal Reserve could well raise rates shortly according to popular opinion, with the next FED interest rate decision due on 13th December. The hike could well be factored into to current rates as the market moves on rumour as...

Sterling hits best rate to buy Swiss Francs since the EU referendum

The Pound has started the week off on a very positive note vs the Swiss Franc breaking past 1.34 which is close to the highest rate to buy Swiss Francs since the EU referendum vote back in June 2016. The Swiss Franc is often used as a safe haven currency but with the US having raised interest rates last week it appears as though global investors are moving away from the Swiss Franc and into alternative currencies. The Pound has also had a very good run...