GBP to CHF Rate: Sterling Supported Against the Swiss Franc as Boris Johnson's Health Improves

GBP CHF Slides after Mark Carney Comments

The Swiss Franc has weakened considerably against the pound over the last week with rates for this pair breaking through 1.38 yesterday. There has been a sustained rally in the price of sterling on a perceived better outlook on Brexit over these last few weeks. The second round of negotiations have been completed which allows for a transitional period and for trade to continue in much the same way as it has been. The negotiations have re-opened this week and this third round will...

Swiss Franc holds above 1.20 but for how long?

The Swiss Franc has strengthened against the pound as global uncertainty persists in the form of the UK's Brexit vote and the US Presidential Election. Looking ahead it seems the CHF may soften a little as we learn of the new President, I found it very interesting that yesterday Paddy Power paid out on any bets for Hilary Clinton to become President in the United States. This is a great indication of the US Election result and since the CHF generally is seen as...

GBP CHF Slips after Softer UK Inflation Data

The pound has slipped against the Swiss Franc today after weaker UK inflation data fell slightly lower this morning which will be welcome news for the Bank of England. UK inflation has fallen from the recent high in November of 3.1% down to 3% which has helped see the pound fall against most of the major currencies today. GBP CHF is currently trading at 1.3255 although a high of 1.3303 was seen earlier today. The ongoing Brexit situation continues to be a grey area at...
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...

Will the Pound fall following Wednesday’s GDP data? (Tom Holian)

The currency markets appear to have started to lose faith in Sterling recently as the Pound continues to struggle against the Swiss Franc. Politically the UK is still very unstable and in the weeks since the beginning of the Brexit talks they don't appear to have gone very well so far. Indeed, Sterling is still very low against the Swiss Franc and the next potential for exchange rate movement will come on Wednesday morning when the UK releases its latest set of GDP data for the...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

GBP CHF Breaks 1.33 on Brighter Brexit Outlook

The Swiss Franc remains strong as it retains its lure as a safe haven currency. However a member of the Swiss National Bank (SNB) Fritz Zurbruegg said yesterday that the central bank remains ready to intervene to curb upward pressure on the Swiss Franc in a bid to artificially weaken the Franc. The SNB has had to intervene in the past which has created immense market volatility for Swiss Franc exchange rates and the central bank appears to be warning the markets that there could...

Buying Swiss Franc rates improve once more from positive UK employment data (Joshua Privett)

GBP/CHF has improved up closer to the 1.22 mark today following the news of strong employment figures for the UK market hitting the wire at 9:30 am this morning. Employment figures showed that despite the first full quarter since the Brexit vote being fulfilled, the unemployment rate is still below 5%, which is considered 'full employment' in most modern Western economies. Furthermore fewer people than expected have been claiming unemployment benefits, with the claimant count rising only by 700 persons across the entire country this month. However,...

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 to Swiss Franc forecast Investors flock to the CHF will the Swiss National Bank curb demand for the Franc?

Swiss Franc continues to strengthen against the Pound

The Swiss Franc has continued to strengthen against the Pound in recent weeks and it could be argued that the main trigger for the weakening of the Pound came a few weeks ago when the Bank of England confirmed that they would be keeping interest rates on hold again with a split of 7-2. The UK has shown relatively poor economic data in the form of UK GDP which came in at the slowest growth since 2012 and inflation has started to fall and this...

Where Next for GBP/CHF Exchange Rates? (Matthew Vassallo)

GBP/CHF rates have fallen dramatically over the past month, as Sterling continues to find itself under pressure against the major currencies. However, despite these losses it is not all doom and gloom for those clients holding GBP, as Tuesday’s positive spike for the Pound proved. Currency does not move in a straight line and therefore we will see opportunities for those clients holding GBP to take advantage of, even if a sustainable Sterling recovery is unlikely in the short-term. As touched on Sterling received a welcome...