Sterling vs Swiss Franc continues to fall as UK economy looks set to struggle...

According to Bank of England deputy governor Ben Broadbent the drop in the value of Sterling has helped to stop the UK economy from falling further since the shock of the Brexit vote. He went on to say 'in the shape of the referendum, we've had exactly one of those shocks' and added that the Bank of England would not interfere with monetary policy to boost the Pound's value. This was similar to Bank of England governor Mark Carney's comments made last week and it appears as...

GBP/CHF Rates Move Through 1.40 (Matthew Vassallo)

The CHF lost ground against GBP during yesterday’s trading, with the pair moving back through 1.40 on the exchange. This move was not anticipated on the back of some poor data releases this week for the UK and with the recent volatility likely to continue in the build up to June’s EU referendum, I would be looking to give myself some protection if I was holding Sterling. The Pound has found life tough going of late and I do not expect any sustained support under...

GBPCHF falls once again as ‘Brexit’ talk begins to heat up (Joseph Wright)

During today's trading session the Pound has continued it's decline against the Swiss Franc. This trend begun on the 30th of May and since then Sterling has become almost 3 cents weaker. Those following the GBP/CHF exchange rate, perhaps those with an upcoming currency requirement involving the pair, will be fully aware of the recent uptrend for Sterling. Looking back at a 1 month chart the Pound had been noticeably buoyed by the polls coming out of the UK suggesting that the public is most...
Pound to Swiss franc forecast - Brexit impasse means a fragile pound

Swiss Franc at 2 month high vs the Pound

The Pound has fallen to its lowest level to buy Swiss Francs in two months as the Pound continues to struggle after the Bank of England's decision to keep interest rates on hold for the foreseeable future. About a month ago the Swiss Franc started coming under pressure against a number of different currencies after the Swiss National Bank got rid of the cap that it had previously put in place to stop the CHF from being too strong. Many expected that the Swiss Franc may...

CHF at high for the May?

Buying Swiss Francs has been getting cheaper and cheaper over the last month. Rates are now almost 3% better than they were 30 days ago.  The reason for this gain has been the concerns coming out of Europe along with a better positive step forward for the UK economy. On review, if you look back over the last 6 month charts you can certainly see that this pairing, GBPCHF, does not move in a straight line. Saying that however the negative trend can be clearly...

What lies ahead for GBPCHF in 2017?

I am reading a lot about the pound in 2017 which is likely to be as volatile as in 2016. But the Franc is a harder beast to predict. Loosely tracking the euro but subject to its own rules and trends GBPCHF could be an interesting pair to watch in 2017. There are numerous global events which can shape the direction on the Franc and clients looking to exchange pounds into Francs or move Francs back to the UK should be considering the path...

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...

SNB Policy Meeting and ‘Brexit’ fears to take centre stage this week (Joseph Wright)

With the UK's EU Referendum now just over a week away I think it's fair to say the Swiss Franc is behaving in a way many would have expected. In just over two weeks the Pound has fallen over 6 cents against the Swiss Franc, and I think many would have predicted this trend due to the uncertainty surrounding the UK's political future, and the fact that the Swiss Franc typically tends to perform well during times of fear and instability in financial markets, due...

Pound to Swiss Franc exchange rates see nearly full cent improvement, will this last?...

Well we're moments away from the starting gun being fired to begin Brexit negotiations, but the rate is moving in the favour of anyone holding Sterling, meaning Pound to Swiss Franc rates of exchange have seen a net improvement today of almost a cent. Why the rally? Well the atmosphere surrounding the upcoming triggering of Article 50 has created is more positive than we have seen in the past. Furthermore, Article 50 is not being seen in the same vein as the Brexit vote itself last June, given...
Pound finds support against the Swiss Franc but for how long?

Sterling on the Ropes Following Theresa May’s Comments! (Matthew Vassallo)

Sterling is on the ropes following Brexit comments made by UK Prime Minister Theresa May over the weekend. It’s been a tough day’s trading for any clients holding the Pound with losses against all of the  major currencies. GBP/CHF rates have dropped by a cent and a half with the pair now trading in the mid 1.23’s, following the high of 1.24765. UK Prime Minster has increased market fears surrounding the UK’s upcoming exit from the EU, as she stated the UK would look towards a...