Swiss Franc Strength on Brexit Woes (James Lovick)

The pound continues its slide lower against the Swiss Franc and by some way with a gradual but steady fall in July and August. The lure of the safe haven of the Swiss Franc is extremely apparent at present with considerable losses for GBP CHF over the last few weeks. UK inflation data released yesterday which arrived marginally higher than expected helped support the pound although only marginally. The inflation data is important as the weaker pound post Brexit is now having the effect of...

Sterling vs Swiss Franc exchange rates moves in upwards direction (Tom Holian)

Sterling vs the Swiss Franc has continued to move in an upwards direction during the course of this week in the run up to the ECB's interest rate decision due to be held on Thursday. Although the Swiss Franc is not part of the Eurozone generally speaking whatever happens in the single economic area has an impact on what happens to the GBPCHF exchange rate. Inflation has started to rise in the UK including last week when inflation hit 0.5%. This shows that the UK economy is slowly...

GBP/CHF rates fall following nervous attitudes towards Sterling (Joshua Privett)

GBP/CHF rates were put under pressure this afternoon following same anxiety about the first look into growth during the UK in the last quarter of 2015. The data will be released tomorrow morning, so markets seem to already be pricing in the results with the net flow being an obvious sell-off of the Pound as the afternoon progressed. Due to the recent flooding and the worsening global business climate, the last three months of 2015 were a testing period for economic output. Individually, each month, growth figures...

GBP/CHF Rates Spike Following US Election Results! (Matthew Vassallo)

GBP/CHF rates spiked by almost two cents during Wednesday’s trading, providing those clients holding Sterling with some of the best rates they’ve seen in the past few weeks. This move came following confirmation that Donald Trump had won the race for the White House, news which sent shockwaves through the market. How the outcome will affect the global markets is difficult to analyse at this point but could yesterday’s positive spike indicate better times ahead for the Pound? Whilst there is no direct correlation between the...

Rapid Rise in Inflation causing problems for Sterling (Daniel Johnson)

Inflation data weakens Sterling Yesterday saw the release of Consumer Price Index (CPI) data. CPI is a measure of inflation and yesterday we saw a rise from 2.3% to 2.7% month on month. Usually a rise in inflation is deemed as good for an economy, but on this occasion it is a worrying sign. The rapid rise is a direct result of the vote to leave the EU. Sterling has weakened considerably against the majority of major currencies since the vote and a result imported...

GBPCHF falls into the high 1.30s (Dayle Littlejohn)

Today Chancellor George Osborne gave his latest budget to MP’s in the House of Commons. Mr Osborne made further cuts to reduce the deficit by 2020, however the cuts were not as bad as one first thought they would be. Tomorrow the Bank of England will meet to decide future monetary policy. In recent months all 9 members have voted to keep rates on hold at 0.5%. The Bank of England cut interest rates to 0.5% back in 2009 and I don’t see them rising any...

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...

Brexit Negotiations may not go to Plan (Daniel Johnson)

Brussels to play hard ball in Brexit negotiations It seems Brexit negotiators may have to make a change in stance in regards to exit talks.  The "cake and eat it" plan will have to be ditched. It now seems as though having political control and market access could prove very difficult to achieve. The Department for Exiting the European Union (DExEU) will have to choose what to prioritise sovereignty or the UK economy. The stumbling block is to have full trade access without the freedom of...
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...

Brexit Looming – Where Next for GBP/CHF Exchange rates? (Matthew Vassallo)

With the UK’s Brexit looming on the horizon (assuming there are no delays by the House of Lords), many clients are now questioning which direction GBP/CHF rates will take over the coming weeks and months? My personal view is that whilst the Pound has gained something of a foothold over recent days, with a move towards 1.26 today, I would not be gambling on a major spike from the current levels. Sterling is still fighting an uphill battle, with investor confidence in the UK remaining...