Buying CHF becoming more expensive – When to bite the bullet?
Buying the Swizz Franc has been getting continually more expensive over the last fortnight. A majority of these losses have come from the horrible attack in Europe earlier this week. Many have asked why the EURO and CHF have not weakened as a result? The simply reason is that most of the Hotel, Airlines and Holiday companies which took the biggest hit in value are listed in the FTSE. So the pound saw a potentially ‘unfair’ drop in value. The attack is also expected...
Swiss Franc to Pound rate getting closer to post-Brexit vote highs, will CHF become...
The best time to have converted Swiss Francs into Sterling over the past decade would have been around October of last year, when the fears surrounding the Brexit really begun.
At the time the rate hit the 1.20's which in the reverse equates to almost 0.83 pence per Swiss Franc, and at the time of writing we're getting closer to these levels as the current rate is just over 0.80 cents.
Due to the issues between North Korea and Japan/USA there appears to be more of...
Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)
The Swiss Franc has continued to remain above 1.30 on the Interbank level during the course of this week even though the Pound is currently under a lot of pressure against a number of different currencies.
Indeed, Sterling is now trading at its lowest level against the Euro in 3 months as the political uncertainty continues to weigh heavily on Sterling exchange rates.
The Swiss Franc has weakened against the Pound as the US has suggested that there could be up to potentially 4 interest rate...
A tough 3rd quarter for Swiss exchange rates
In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists predicting that Swiss jobs would come under the pressure, the Switzerland government allowed employers to extend working hours and pay to be cut, whilst at the same time being offered benefits by the Government which would help the employees that were effected. The theory behind the move from the Swiss Government was that a slight drop in pay...
Are we now seeing the true impact of a vote to leave the EU?
Post-Brexit we saw Sterling drop significantly against the Swiss Franc. Many economists predicted a further fall with poor UK data expected. Many figures actually went against the grain and it had a positive effect on the pound's value. The latest data however has not been so impressive and we have seen Sterling drop in value, UK retail data being a key contributor to the pound's fall. I think we are now seeing the impact of a vote to leave the EU.
I think there is...
GBP/CHF Rates Drop During Tuesday Trading (Matthew Vassallo)
GBP/CHF rates have dipped during Tuesday’s trading, with the pair dropping to 1.4380 at today’s low. The pound has struggled across the board so far this week and this morning’s Industrial & Manufacturing Production figures have only enhance that trend. Both came out below expectation and this is likely to be the catalyst for today’s drop.
The CHF has benefited from the recent downturn in UK data and has gained almost 6 cents in the last month against GBP. This has provided some excellent selling...
Swiss Franc Continues to be Safe (Ben Fletcher)
The Swiss Franc continues to play the “safe haven” role as the currency markets volatility show no signs of easing off. If you are looking to sell CHF the strength we see currently presents a great window, I believe once we pass the Brexit concerns investors will move their money back to other currency weakening the Swiss Franc.
In the short term however there is a Real Retail Sales figures release tomorrow which is expected to show an increase from 0.2% to 0.5% for the...
Swiss data slightly better than expectations as we near the end of the trading...
This morning saw the release of Swiss PMI (Purchasing Managers Index) data in early morning trading, which gave the Swiss Franc a slight lift against most major currencies.
PMI data is a measure of business conditions in the manufacturing sector and any figure above 50 on the measure is seen as a positive. Expectations for the release this morning were for a figure of 64.0, however the actual release came out at 65.3 which is very good news for Swiss business and the Swiss Franc,...
How will the Election effect GBP/CHF? (Daniel Johnson)
Labour gains ground
The Conservatives were in a very strong position following the election announcement. A snap election historically causes the currency in question to weaken, but on this occasion the opposite occurred. A Torie victory is deemed to be positive for the UK economy. Investor confidence grew and the pound strengthened as a result. With the election now closer than previously expected I would expect to see Sterling weakness due to political uncertainty. Looking at the last general election, we did not see any...
Pound falls from recent highs vs the Swiss Franc (Tom Holian)
The Pound vs the Swiss Franc exchange rate has fallen over the last few days after the recent UK Quarterly Inflation Report published last Thursday. Bank of England governor Mark Carney announced a cut in the UK's growth forecast and this caused the first stumbling block for Sterling after its recent rally to 1.30 vs the Swiss Franc.
UK inflation reports this morning showed higher than expected levels and typically this can result in Sterling strength but on this occasion this has caused the Pound...
