Swiss Franc Strengthens Following Brussels Attacks (Tom Holian)
The horrific attacks that took place in Brussels yesterday rocked the currency markets and this saw a huge movement for exchange rates.
The Swiss Franc strengthened against Sterling by 2% during the trading session as global investors flocked to the safer haven currencies.
The Swiss Franc owing to its neutrality often tends to strengthen during geopolitical and economic uncertainty and whilst this continues we could see further CHF strength vs Sterling.
The Swiss ZEW survey is due out this morning at 10am and if worse than expected we...
Terroist Attack’s in Brussels Create CHF Strength (Ben Fletcher)
The Swiss Franc has seen continued strength residing in the 1.38’s against the Pound. Whilst the Euro and Sterling battle against external factors the Swiss Franc has been seen as a safe-haven to put money whilst the market is volatile.
If you are looking to sell Swiss Francs, there may be movements in your favour over the coming weeks. Furthermore in light of the horrendous terrorist attacks in Brussels the Swiss Franc may see further movement in its favour.
The Swiss National Bank kept interest rates...
Swiss Franc Expected to Remain a Safe Haven Through Referendum (Ben Fletcher)
This morning the Swiss National Bank has kept interest rates at -0.75%. The CHF has been following a volatile path; however there has been a general positive sign of strength for the CHF against the pound.
There is an expectation that while the “BREXIT” is an on-going concern the Franc will remain in a strong position. The strength of being a safe haven currency will see investors put their money in the CHF and this should cause further strength in the coming months.
This is mainly...
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...
Why Britain’s ‘Brexit’ Could Boost The Swiss Franc (Joseph Wright)
Those holding Swiss Franc’s could benefit off the back of Britain’s political uncertainty this summer, as both market speculators as well as those looking to hedge their exposure to the Pound seek the safe haven currency in order to hedge against potential losses.
Fundamentally there are a number of reasons for the Swiss Franc’s strength as of late, but I think ‘Brexit’ concerns are perhaps the biggest current driver of CHF strength, as not only those holding Pounds look to hedge but also Euro investors...
Will The Pound Continue to Lose Ground against the Swiss Franc? (Daniel Johnson)
Sterling has lost considerable ground against the Swiss Franc of late. This is predominantly due to the political uncertainty created by the EU Referendum. I think it will be extremely difficult for Sterling to significantly rally against the Swiss Franc until after the referendum is conclude on 23rd June. If the UK were to leave the EU however it would catastrophic for the Pound, I would expect Sterling to fall up to 20 cents against CHF.
There is some hope on the horizon, there is...
GBP/CHF rates relatively stable ahead of ECB meeting (Joshua Privett)
The value of the Pound against most of its counterparts on the currency markets has been swinging wildly in recent days, yet GBP/CHF has been relatively steady.
Even this morning the net change has only been 0.02%, a paltry amount compared to a GBP/EUR increase of 0.8% just yesterday.
This is all tied to the anticipation that the European Central Bank may be announcing further financial stimulus next week.
The Swiss Franc, as a well-known safe haven currency, is set to benefit hugely should this announcement come...
Swiss GDP Figures Better Than Expected (Matthew Vassallo)
The CHF received a boost during early mornings trading, following better than expected Gross Domestic Product (GDP) figures. The figure of 0.4% came out above the expected 0.2% and initially gave the CHF a boost against GBP, with the pair dropping to 1.3886 at today’s low. Despite the improved figure the CHF failed to hold it value, with GBP making a recovery back above 1.40 at the time of writing.
Sterling has found some support over the past 48 hours and it seems as though...
Will GBP/CHF Rates Recover Above 1.40? (Matthew Vassallo)
GBP/CHF rates have levelled out during Friday’s trading, providing some much needed respite for those clients holding Sterling. The Pound has found some support following a tough run, with the on-going media focus surrounding a possible “Brexit” from the EU dominating media headlines. This is causing investors to panic and we have seen huge GBP positions sold off, which in turn is dragging Sterling’s down.
The problem is the uncertainty that has been created is not allowing Sterling to receive any sustained market support and...
GBPCHF Sinks!
GBPCHF has slipped further and further as the pound dives and Franc soars on global uncertainty. The Franc is used by investors in times of uncertainty and despite negative interest rates investors like to hold their deposits in the Franc in anticipation of better rates down the line. WIth the pound likely to come under much further pressure due to the Referendum we are bound to see this rate continue to slide. If you are buying CHF I really would suggest moving sooner rather...
