Sterling breaks 1.30 against the Swiss Franc

CHF Forecast – Sterling Benefiting from a Strong Run of Economic Data

The CHF has struggled to make much of an impact against Sterling this week, with a strong run of economic data helping to support Sterling’s value. The Pound received support earlier this week, following reports that a deal has been agreed between UK & EU to facilitate a transitional period following the Brexit deadline next year. This will help in theory, to ensure a smooth transition for the UK as we separate ourselves from our European neighbours. GBP/CHF rates hit a high of 1.3462 before retracting...

GBP CHF Rallies on Good Brexit Outlook

Rates for GBP CHF have seen an excellent jump higher following the agreement reached on Monday between Britain and the EU on a transitional agreement as part of the ongoing Brexit negotiations. There is currently a good opportunity for buying Swiss Francs with pounds and clients should consider securing at these higher levels whilst they are still available. For the moment the pound remains supported on the back of the positive news. The mains reason the pound has surged is largely due to the fact...

Pound hits 2 month high vs the Swiss Franc (Tom Holian)

The Pound has now hit the best rate to buy Swiss Francs with Sterling since January and is now only 2 cents from the highest level seen since the EU referendum held in June 2016. This is very good news for anyone looking to buy Swiss Francs at the moment. Indeed, the Pound has been finding a lot of support vs the Swiss Franc in recent weeks as global investors appear to be bypassing the CHF in favour of higher yielding currencies including the USD,...

Will a pick up in the Swiss economy result in a stronger Swiss Franc?

The relationship between strong economic performance and a stronger underlying currency is somewhat skewed in regards to the Swiss Franc, as the currency is often considered a safe haven and investors pile money into the currency for a number of varying reasons. Our regular readers will be aware that in times of market uncertainty and increased risk, the Swiss Franc will often benefit as CHF and JPY see an influx of funds during these times due to their safe haven status. This can at times skew...

Will the Pound maintain its strong levels against the Swiss Franc? (Tom Holian)

The Swiss Franc has continued to remain above 1.30 on the Interbank level during the course of this week even though the Pound is currently under a lot of pressure against a number of different currencies. Indeed, Sterling is now trading at its lowest level against the Euro in 3 months as the political uncertainty continues to weigh heavily on Sterling exchange rates. The Swiss Franc has weakened against the Pound as the US has suggested that there could be up to potentially 4 interest rate...
Brexit vote to dominate Pound to Swiss Franc exchange rates

GBP/CHF has a busy day as 1.30 fails to act as a resistance, will...

Sterling has performed well today against all major currency pairs, with its performance against the Swiss Franc being one of the stand out performers. In this morning's trading session the Pound received a boost after it emerged that the UK's services sector is in good health after the PMI figures hit 54.5 in February which is a lot better than the 53.3 expectations. On Friday the UK's Prime Minister, Theresa May gave a Brexit related speech which has failed to stimulate the markets as the pound...
Sterling breaks 1.30 against the Swiss Franc

Swiss GDP figures confirm economy is in full swing – A good year ahead...

GDP figures released today confirmed that the Swiss economy is in full swing once again and it looks like 2018 will be a good one for the Swiss economy and potentially the Swiss Franc too. The Swiss Government have declared an end to the so called "Frankenshock" which happened as the cap on EUR/CHF was lifted three years ago. For quite a period now Swiss exports had suffered due to the Swiss Franc being so strong and a number of Swiss companies had been finding life...

Will Theresa May’s speech benefit the Pound vs the Swiss Franc? (Tom Holian)

The Pound has continued to remain above 1.30 on the Interbank level at the time of writing even though Sterling has started to drop off from its recent strong levels against the Swiss Franc. Sterling exchange rates have remained in a relatively tight range during the course of this week as it appears as though investors are adopting a 'wait and see' approach' when it comes to seeing what Prime Minister Theresa May will say at her speech on Friday. May will be outlining the UK's...

Sterling starts the week strongly, will GBP/CHF remain above 1.30 throughout 2018? (Joseph Wright)

The Pound has begun the week in strong fashion after gaining against the majority of major currency pairs pairs today and gaining on CHF by around half a percent. Much of its strong start is being attributed to comments from the Bank of England's Deputy Governor, Sir. David Ramsden that were made over the weekend. In a Sunday Times article he mentioned that interest rates may need to rise faster than it was previously assumed, which the 3% inflation level putting pressure on the economy. He...

Will Sterling improve against the Swiss Franc in March? (Tom Holian)

The Pound has showed signs of improvement recently against the Swiss Franc after the tone surrounding Brexit appears to be softening. The discussions yesterday at Chequers appear to have gone well and this has given the Pound a boost against all major currencies including vs the Swiss Franc. Indeed, there are a number of reasons why the Pound has made gains since the start of the year. Firstly, with inflation continuing to be on the increase and constantly remaining above the government's target the Bank of...