Swiss Franc gains and loses ground in the same day (Ben Fletcher)

Today saw the biggest drop for Sterling since 2009 against the dollar and against Euro it was 1% down in the 1.28’s.  Boris Johnson joining the leave campaign created a lot of momentum and will most likely become the main focal point for the campaign. However the market recognised Mr Johnson joining the campaign as a real threat and Sterling struggled against all currencies. Tomorrow there will be a large amount of German data releases and as the engine room for the Euro this...

GBP/CHF losing most recent gains (Joshua Privett)

GBP/CHF rates seem to be faltering once more as the EU summit enters its second day of negotiations.  Previously Sterling had been gaining against almost all major currencies yesterday following positive developments during talks undertaken by Cameron to avoid an EU referendum. However, yesterday could be described as a prequel to today's main event. The discussions on Thursday were largely concentrated and aimed at the simpler agreements which could quite easily be addressed and put to the side. The stickier talking points will be addressed today which is...

GBP/CHF Rates Spike During Thursday’s Trading (Matthew Vassallo)

GBP/CHF rates have spiked up during Thursday’s trading, with the pair hitting 1.4310 at today’s high. With the Pound gaining almost 2 cents, the key question now is whether this trend will continue. Sterling seems to have found some support across the board and with little economic data of note for the UK today, the focus is on UK Prime Minister David Cameron and his talks in Brussels. It may be that we are starting to see the markets factor in a positive outcome...

Swiss Franc finally deflating as global uncertainty lifts? (Joshua Privett)

The Swiss Franc has enjoyed a month of heavy strength and gains against most major currencies due to its famous status as a safe-haven currency. In times of uncertainty the Swiss Franc regularly bolsters in strength, proven by the largest currency movement in a single day every recorded last January, when it was announced that the Euro was no longer pegged to the Franc. However, it seems that the recent slide on the stock markets which is causing such global panic and funnelling funds into the Franc...

GBP/CHF Rates on the Slide! (Matthew Vassallo)

GBP/CHF rates have dropped again during Thursday’s trading, with the recent negative trend for Sterling showing no signs of letting up. The Pound is coming under pressure across the board and with the media spotlight on the EU referendum and a possible “Brexit” at present, it is unlikely to breed market confidence in the Pound. Whilst this scenario is unlikely in my opinion, just the uncertainty it creates is enough to cause Sterling to weaken. GBP/CHF rates have been on a steady slide but this...

GBP/CHF Rates Crash Following Poor UK Data (Matthew Vassallo)

GBP/CHF rates have crashed during Thursday’s trading, following a poor set of data for the UK. The pair dropped to a low of 1.4462, despite opening above 1.47 and continued Sterling’s poor showing since the turn of the year. What was dubbed by investors “Super Thursday” was anything but and the Pound has lost value across the board. Pressure is building and with the Bank of England (BoE) cutting growth forecasts again for the UK, I do not expect this trend to change over the...

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...

Positive Movements for Sterling vs the Swiss Franc (Tom Holian)

We have seen big gains for Sterling vs the Swiss Franc during today's trading session by as much as 3 cents from the high to the low or the difference of 2% on a currency transfer. Markets have moved owing to the uncertainty coming out of China recently and the reversal of carry trade currencies which includes the Swiss Franc and hence the reason for the massive movement experienced today. UK GDP figures are due out on Thursday which could cause Sterling to fall and lose...

Sterling still in a Precarious Position despite Encouraging Unemployment Figures (Daniel Johnson)

This morning saw the release of UK unemployment figures which came in better than expected but has done little to bolster Sterling against the majority of major currency pairings. There are several significant factors causing the Pounds weakness. the pending EU referendum, the Chinese slow down and worrying inflation levels hindering any possibility of a rate hike.  The question is could things get worse? Personally having evaluated the situation in great detail if I was a CHF seller I would probably look at take...

UK Unemployment at 10 Year Low but the Pound Remains Under Pressure (Matthew Vassallo)

GBP/CHF rates have fallen over the last month, with the Pound coming under increasing pressure against most of the major currency pairs. With GBP losing value at an alarming rate, those clients holding Sterling would have been relieved to see this morning’s UK unemployment figures. With the official rate falling to a 10 year low and above market expectation, the Pound immediately gained support and GBP/CHF rates spiked back above 1.42.   The recent decline of the Pound has been a shock for many clients and...