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...
CHF Forecast – A Volatile Day for GBP/CHF Exchange Rates (Matthew Vassallo)
It’s been a volatile day for GBP/CHF exchange rates, with over a two cent from high to low.
Sterling found plenty of support following the Bank of England’s interest rate decision and monetary policy statement this morning.
As expected the central bank kept rates on hold at 0.5% and whilst there was no change in the current stimulus programme, it was governor Mark Carney’s speech that caused the markets to react.
Carney was far more bullish than many anticipated and said that the central bank would look...
CHF Forecast – Global markets Impacting CHF’s Value (Matthew Vassallo)
GBP/CHF rates have improved over the past week, with the pair trading close to 1.38.
The Pound has seen its value increase across the board, with its recent upturn linked to progress with Brexit talks and a strong run of economic data.
The fact that Brexit has not been front page news over the past week has also helped support Sterling’s rise, with no negative reports sapping investor confidence.
This lack of media coverage is unlikely to last in my opinion and a such those clients holding...
Swiss Franc Supported on Better Inflation
Rates for GBP CHF has slipped in recent week with levels hovering around the 1.32 mark for the pair. The Swiss Franc has been marginally boosted following the latest Consumer Price Index inflation numbers released this morning. Swiss inflation climbed higher to 1% for the year which was above the expected forecast of just 0.9% and the numbers were up to 0.4% for the month of May.
The markets will be keeping a close eye on what happens in Iran in these coming weeks after...
Will next months vote create volatility for the Swiss Franc?
Next month on the 10th of June there will be a key vote in Switzerland. It's being labelled as 'Vollgeld' and it pertains to whether the Swiss want to reform their monetary system in an unprecedented way.
There hasn't been much talk of this Referendum in the economic world outside of Switzerland because a 'Yes' vote is apparently highly unlikely. I guess there are parallels with the Brexit vote which few expected, so I wouldn't rule out a major move for CHF exchange rates should...
GBP/CHF Forecast – Have Investors Already Priced in a Rate Hike by the BoE?...
GBP/CHF rates have dipped slightly this morning, with the Pound losing value against the majority of major currencies during early morning trading.
The pair is now trading around 1.3050, having hit a high of 1.3154 earlier this week.
Whist the UK economy remains under pressure, the Pound has gained some traction over the past couple of weeks against the CHF. This is likely in part, due to investors pricing in an interest rate hike by the Bank of England (BoE) at their upcoming policy meeting next...
Fears surrounding Italian politics strengthens the Swiss Franc
Although some economists aren't predicting the recent bout of CHF strength to remain, the bottom line is that the Swiss Franc has been one of the strongest performing currencies within the G10 recently.
Market traders have been placing bets that the Euro will weaken against the Swiss Franc recently, after the issues surrounding the political leadership in Italy is beginning to spill over into the Euros value. Up until this weekend it had appeared that a populist coalition would take control in Italy with intentions...
Poor 2018 for Swiss Franc so far, will the downward trend continue?
A quick glance at a chart showing the Swiss Franc's performance this year makes for simple reading, as the trend is generally downward against all major currency pairs.
There have even been reports of cross-border shopping trips from Switzerland to the surrounding countries declining, as the spending power of the Swiss Franc has diminished quite considerably in the last few months.
At the time of writing the CHF/USD pair are sitting almost exactly on 1.00 which is the lowest level since May of last year. This...
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...
Swiss economic data coming up next week
Following a reasonably quiet week so far for the Swiss Franc we have plenty more for investors and speculators alike to get their teeth into next week.
On Monday morning we have Employment levels for the final quarter of 2018, any deviation from the previous figure of 4.956M may lead to a volatile start to the week for the Swiss Franc.
Wednesday morning brings a trio of economic releases, with UBS consumption figures due out first and foremost, this is an indicator of private consumption trends...
