Swiss Franc strengthens against Sterling (Tom Holian)
Bank of England governor Mark Carney has once again caused Sterling exchange rates to plummet vs the Swiss Franc as he has suggested that UK interest rates will continue to remain on hop until the British economy is ready.
Inflation showed a rise for the UK this morning but this has done little to strengthen the Pound.
UK unemployment data is due out in the morning and this could provide some respite for GBPCHF rates. However, I still think we'll see further falls for the Pound...
Sterling crashing is creating excellent opportunities for Swiss France sellers (Joshua Privett)
Sterling has continued to be hurt on the markets as a result of the mounting problems caused by flooding, alongside rumours of a potential 'Brexit', which are causing the value of the Pound to tumble in a similar way to what we were seeing during the Scottish Referendum.
Essentially uncertainty is not good for business...
The Swiss Franc by contrast is benefiting from the recovery over in the Eurozone which is seeing its own position surrounded by Eurozone nations as more secure.
Those with Swiss Francs to...
Best time in 6 months to sell CHF for GBP!
Recent GBP weakness has presented the best time in 6 months to sell CHF for GBP. The expectation is that this will continue since sterling appears to still be in a very dark place. Expectations are for there to be lots of uncertainty surrounding the UK's possible 'Brexit' and EU Referendum. Whilst no dates have been set, expectations are skewed towards a very tough time for GBP.
The Franc itself has been stronger with confidence coming back to the European economy. Demand has improved in...
Sterling Could be in for a Rough Ride against CHF (Daniel Johnson)
There are several reasons for Sterling's decline against the Swiss Franc. There has been a drop from 1.49 in mid December to the 1.43s which is a very significant fall to anyone conducting large trades.
China's growth has fell for ten months consecutively causing Global Economic uncertainty, there has been a mass stock sell off and carry traders are seeking safer investments moving away from riskier areas. There is also the EU referendum around the corner which will have big implications for Sterling value. Inflation...
GBP/CHF Rates Drop During Tuesday Trading (Matthew Vassallo)
GBP/CHF rates have dipped during Tuesday’s trading, with the pair dropping to 1.4380 at today’s low. The pound has struggled across the board so far this week and this morning’s Industrial & Manufacturing Production figures have only enhance that trend. Both came out below expectation and this is likely to be the catalyst for today’s drop.
The CHF has benefited from the recent downturn in UK data and has gained almost 6 cents in the last month against GBP. This has provided some excellent selling...
GBP/CHF rates lose ground from yesterday (Joshua Privett)
Sterling's rally yesterday after a recent string of poor news has evaporated by morning. GBP/CHF rates are now back below 1.45 as Sterling moves back to where the week began.
There is no explicit data released to explain this move. Frankly, the same background forces which are weakening the Pound and therefore making the Swiss Franc more expensive to buy.
Concerns about flooding in the North and West of the country have been compounded by the sudden cold snap which is making relief efforts slower and...
Swiss Franc forecast is here -Keep checking back for regular updates!
Swiss Franc forecast is here and we will be giving you regular updates on Swiss Franc exchange rates.
Keep checking back here and we will ensure that you are kept fully up to date with what has happened and what we have coming up that may impact your currency exchange.
