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

Will the SNB raise interest rates?

The Swiss National Bank (SNB) could be moving forward in their process of raising interest rates according to current reports with the previous Q4 2019 hike predicted to become reality in Q3. This minor shift in expectations is positive for the Swiss Franc and gives the market some news to be targetting and assessing in deciding the value of the CHF. With interest rates in Switzerland having been at -0.75% since January 2015, the future guidance could see the Franc strengthening as investors price up the possibility...
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...
Pound to Swiss Franc forecast Investors flock to the CHF will the Swiss National Bank curb demand for the Franc?

Pound soars after Brexit bill breakthrough, will the upward trend continue? (Joseph Wright)

The Pound spiked upward today across the board of currencies today, after speculation of a final agreed amount for the Brexit bill has supposedly been agreed. The figure is rumoured to be around the £50bn mark and the markets have welcomed the news, as the likelihood is that that the path of trade negotiations will now be cleared. Up until now this has been a sticking point, so I think that should the rumours be true and the figures be made official, I wouldn't be surprised...
GBPCHF Exchange Rates Reach Highest Levels Since Mid-March

Sterling continues recovery as positive sentiment increases (Joseph Wright)

The Pound has continued to climb against the majority of major currency pairs in recent weeks, as there appears to be a complete change in sentiment towards the UK economy and the prospects of a higher valued Pound. Towards the back end of last year Sterling was under pressure as poor economic performance coupled with fears of a Hard Brexit dominated financial headlines, although the sentiments seem to have reversed in recent weeks with the Pound hitting the headlines for positive reasons. EU members such as...

Buying Swiss Franc rates set to improve today (Joshua Privett)

The Swiss Franc has remained at incredibly attractive levels for those looking to sell CHF to buy Sterling for some time. Yet this is expected to show some minor changes in the short-term. GBP/CHF rates fell through the floor following the global uncertainty that a British vote to leave the European Union has wrought on financial markets, with the Franc gaining heavily with its 'safe-haven' status. However, these improvements are entirely artificial. With the Swiss Franc actually having negative interest rates the appeal is hardly justified...

GBP/CHF Rates Trading Under 1.20! (Matthew Vassallo)

GBP/CHF rates are trading below 1.20 on the exchange, providing those clients holding CHF with some of the best rates they’ve seen in the past six years. The Pounds woes have been well documented but with a key day of economic data releases ahead, is it all about to change? This morning we will get a ruling from the high court on whether the now infamous Brexit vote must be ratified by MP’s in Parliament. If this is indeed the case we may see Sterling gain...

A tough 3rd quarter for Swiss exchange rates

In the first quarter of 2015, the currency markets experienced major fluctuations as the Swiss National Bank removed the peg against the euro. With many economists predicting that Swiss jobs would come under the pressure, the Switzerland government allowed employers to extend working hours and pay to be cut, whilst at the same time being offered benefits by the Government which would help the employees that were effected. The theory behind the move from the Swiss Government was that a slight drop in pay...
GBP to CHF remains buoyant at higher levels over the week

Sterling strengthens against CHF (Daniel Johnson)

GBP/CHF in Detail Sterling has made consistent gains against the Swiss Franc over the last week and now sits at a yearly high of 1.34. These gains can be attributed predominantly due to an extremely optimistic UK growth forecast from Lord Jim O'Niell. O'Neill was specifically looking at the possibility of a UK economic recovery post-Brexit. O'Neill stated the damage caused by Brexit could quickly be repaired. O'Neill said ‘That is because some parts of the UK, led by the north west, are actually doing way better...

GBPCHF forecast

Over the last 4 weeks GBPCHF exchange rates have been falling. Over the last 4 weeks GBPCHF has been as high as 1.3485, however at present GBPCHF sits at 1.2985. To put this into monetary value for clients purchasing 200,000 Swiss francs today compared to the highs experience last month they are now paying an additional £5,700. The pound has lost value in recent weeks due to the change in sentiment surrounding Brexit. Head EU negotiator Michel Barnier announced that the transitional talks are not...

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...