Swiss Franc continues to soften, will next week bring further losses for CHF?

Those of our readers planning on buying Swiss Francs in the short-term future are seeing improving rates on almost a daily basis at the moment. The Swiss National Bank has had a job on its hands as in the eyes of many, the Swiss Franc has been overvalued for some time now. Due to the currency's status as a safe haven currency investors tend to pool their funds into CHF in times of market uncertainty. Over the years this has presented a problem for the SNB,...
Pound to Swiss Franc Forecast: GBP/CHF rate hits near 1-year high

Swiss Franc to have a positive end to the week vs the Pound

The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and see approach as to what might happen in the medium to long term. The Pound fell marginally during this time after the Bank of England once again decided to keep interest rates on hold at a split of 7-2 in favour of keeping the rates the same. Over the next couple of days there is limited data published both here...
Sterling breaks 1.30 against the Swiss Franc

Swiss economic data coming up next week

Following a reasonably quiet week so far for the Swiss Franc we have plenty more for investors and speculators alike to get their teeth into next week. On Monday morning we have Employment levels for the final quarter of 2018, any deviation from the previous figure of 4.956M may lead to a volatile start to the week for the Swiss Franc. Wednesday morning brings a trio of economic releases, with UBS consumption figures due out first and foremost,  this is an indicator of private consumption trends...

GBPCHF exchange rates have slipped on sterling weakness

The pound has weakened further this week as investors fears over the likelihood of any interest rate in the UK take shape. There is a very high probability that this Thursday the UK Bank of England will cut their interest rate this Thursday which will lead to some sharp weakness on the GBPCHF exchange rate. Clients looking to buy or sell the Franc against the pound should be weary of this event which takes place this Thursday afternoon. If you are in a position...
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...

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,...

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...
GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

Pound loses almost a cent and half after BoE comments, will Sterling continue to...

Sterling tumbled against most major currency pairs today, and especially against safe haven currencies such as the Swiss Franc. The Pound dipped as soon as it was announced that interest rates will remain unchanged and the voting pattern has become less bullish in favour of a rate hike, as inflation levels have eased slightly in recent weeks. The Bank of England also adopted a cautious tone and cut its growth forecast for the UK economy in 2017 from 1.9% down to 1.7%. Mark Carney, a very important...

GBP/CHF Rates Fall as Brexit Timetable is Confirmed (Matthew Vassallo)

GBP/CHF rates have fallen slightly this week with the pair now trading around 1.2750, having started the week above 1.29 on the exchange. Sterling has come under pressure again due to the Supreme Court ruling regarding the triggering of Article 50. The Supreme Court is likely to back up the High Court’s ruling, which means the referendum result will have to be ratified by Parliament. Despite this, MP’s last night voted in favour of the Governments timeline to start our exit from the EU in...

GBP/CHF Forecast – Will the Pound Recover? (Matthew Vassallo)

The Pound has found a foothold against the CHF over the past week, with the pair settling around 1.24. This followed some heavy losses earlier this month, after Sterling hit a high of 1.2831. The UK economy remains under pressure, with the markets becoming increasingly sceptical regarding the on-going Brexit negotiations. With reports of a disjointed government and various opinions on how the UK should proceed, it is unlikely in my opinion, that the Pound will make any sustainable inroads against the major currencies over the coming...