Buying Swiss Francs – NIESR Numbers Today To Drive Sterling (James Lovick)

GBP CHF remains under considerable pressure following the British vote to withdraw from the EU with a continued flight to safety to the Swiss Franc. Despite some more upbeat UK retail sales data released overnight which arrived at the highest level for 6 months it hasn’t done the pound any favours today. All the same it is a positive release following Brexit and should be considered as an indicator for the health of the economy. Later this morning sees key releases for manufacturing production and...

Swiss Franc Strengthens Following Brussels Attacks (Tom Holian)

The horrific attacks that took place in Brussels yesterday rocked the currency markets and this saw a huge movement for exchange rates. The Swiss Franc strengthened against Sterling by 2% during the trading session as global investors flocked to the safer haven currencies. The Swiss Franc owing to its neutrality often tends to strengthen during geopolitical and economic uncertainty and whilst this continues we could see further CHF strength vs Sterling. The Swiss ZEW survey is due out this morning at 10am and if worse than expected we...
GBP to CHF Forecast: Is the CHF Still a Safe Haven Currency?

Sterling Finds Support Against the CHF (Matthew Vassallo)

GBP/CHF are trading around 1.25 on the exchange, with the Pound finding some support during yesterday’s. Sterling received a received a boost, following a report that Switzerland’s economy grew at its slowest annual rate in nearly eight years. A slowdown in public spending and an increase in their trade deficit, put pressure on their export reliant economy and caused investor confidence in the CHF to wane. This in turn inadvertently boosted Sterling’s value, despite some poor data for the UK in form of the latest Services PMI...

Watch out for the BOE Interest Rate Decision on 4th August (Daniel Charles Johnson)

  With the new PM, Theresa May and her cabinet now in place  I would expect a gradual rally for Sterling against most major currencies. The Bank of England (BOE) interest rate decision on 4th August could hinder a Sterling rally against CHF. There is a high probability of a cut in rates from the already record low of 0.5% to 0.25%. It is the general consensus a cut will occur so I would not expect a significant drop in Sterling's value as it will...
GBP to CHF Forecast: Is the CHF Still a Safe Haven Currency?

What will be the key factors to the value of CHF? (Daniel Johnson)

Swiss Unemployment could cause a swing in CHF value The Key data release from Switzerland this week is unemployment, due to be released early on Friday morning. The unemployment rate is delivered by the State Secritariat for Economic Affairs (SECO). It shows the figure of unemployed workers divided by the entirity of the civilain work force. If the figure is positive and comes in better than the expectation of 3% we could see Swiss Franc strength. It also is not just about the immediate impact as...

Sterling gains almost 2% against the Swiss Franc in 3 days, will the Pound...

The Pound has continued to climb throughout the week, after it was announced earlier this week by the Supreme Court that the UK government will require parliamentary approval before invoking Article 50. It appears that now that there is certainty regarding the UK government stance moving, investors are warming to the Pound and it's gained value versus all most major currency pairs throughout the week. After losing so much value against the Swiss Franc in recent times I believe that the Pounds recovery against CHF in...

How does the SNB’s negative interest rate policy effect the Swiss Franc’s value? (Joseph...

For those researching potential future price movements between the Pound and the Swiss Franc, I think the effects of the Swiss National Banks current negative interest rate policy is a key topic to be aware of. The current interest rate in Switzerland is -0.75% and other than Japan, it's the only major economy with a negative interest rate. The reason the SNB made the decision to cut rates this significantly is essentially to discourage capital inflows and therefore hinder the Swiss Franc from getting even...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Is the Swiss Franc due to weaken or will it remain firm?

The Swiss Franc has been a fairly strong character in recent years, not only being a well known safer haven for investors but also due to the abandonment of the Swiss National Bank of their exchange rate cap against the Euro back in 2015. This move alone saw the Swiss Franc make gains of over 25% in an extremely short space of time against a number of major currencies, and although it has come back a little since then the currency has still remained fairly...

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...

Will CHF benefit from Brexit fears?

Most of the talk surrounding the UK's upcoming EU Referendum concerns the British Pound and the Euro, although some analysts believe other currencies could benefit from the outcome of the vote on June the 23rd. Analysts at HSBC's FX Strategy team have once again come out and stated that "being long the CHF may be the best hedge against Brexit" due to its safe haven status. Those holding Swiss Franc's around the time of the vote shouldn't be affected heavily should the UK decide to stay,...