GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

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...
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...

GBP/CHF Rates Spike During Thursday’s Trading (Matthew Vassallo)

GBP/CHF rates have spiked up during Thursday’s trading, with the pair hitting 1.4310 at today’s high. With the Pound gaining almost 2 cents, the key question now is whether this trend will continue. Sterling seems to have found some support across the board and with little economic data of note for the UK today, the focus is on UK Prime Minister David Cameron and his talks in Brussels. It may be that we are starting to see the markets factor in a positive outcome...

GBP/CHF Rates Drop Ahead of Christmas Slowdown (Matthew Vassallo)

GBP/CHF rates have dipped over the past week, as the markets start to slowdown ahead of the Christmas period. Market trends become harder to predict at this time of year, due to the fact there is less capital injected by investors. Less liquidity ultimately equals less stability and the Pound may be suffering due to investors pulling their funds away from it and into safer haven currencies such as the CHF. Sterling had moved through 1.29 only a few days ago before retracting to the current...
GBP/CHF forecast: Swiss economy forecasts for 2019 cut as Switzerland shows signs of a slowdown

Could Sterling face further losses against the Swiss Franc? (Daniel Johnson)

May fails to gain political stability Theresa May spoke yesterday at the annual conservative party conference in Manchester. Her aim was to unite the party and bring stability to the conservatives. She didn't. She coughed throughout  the speech and managed to drop party leaflets on the floor to add insult to injury. A member of the public managed to breach security and hand her a P45 which had a fake Boris Johnson signature inscribed. In house bickering and the uncertainty of May's job is not helping...

Sterling Remains Under Pressure (Matthew Vassallo)

Sterling remains under pressure against the CHF, with the pair marooned under 1.30 for the last month. With current levels fluctuating around 1.27 on the exchange, GBP may find it difficult to breach the 1.30 resistance level under current market conditions. The CHF is generally seen a safe haven currency by investors, due to its resilience during times of global uncertainty and as such will generally hold its value better than others. However, it is unusual to see GBP/CHF rates trade at these lows...
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...

Brexit Outcome Likely to Shape GBP/CHF Exchange Rates (Matthew Vassallo)

GBP/CHF rates have remained fairly static over the past month, despite the Pound touching a high of 1.26 during today’s trading. The current levels seem to be providing the CHF with ample protection and a move towards 1.30 looks unlikely in the short-term. Sterling has made a positive move against most of the other major currencies of late, although this morning’s poor UK Inflation data has halted that momentum for the time being. However, it has not made a similar impact against the CHF and this...

Sterling gains on BoE rate hopes, will we see the Pound recover back to...

The Pound has gained roughly around 1% against the Swiss Franc this week, making the prospect of buying Swiss Francs with Pounds a more attractive prospect. The Pound to Swiss Franc rate has quite some distance to climb before reaching its May highs of 1.30+, but the currency was helped this week after the Bank of England surprised financial markets on Thursday during the Monetary Policy Committee's interest rate decision. Almost half of the voting members of the BoE's Monetary Policy Committee voted in favour of raising...

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...