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...
Where next for CHF? (Daniel Johnson)
GBP/CHF - I would expect Sterling to come under pressure to wards the end of the month when Phase two of Brexit talks commence towards the end of the month. The UK and Brussels are at logger heads befor the talks even commence. Brexit secretary, David Davis is not happy, EU services have been advising UK based companies to consider relocating or risk losing contracts.
Davis also stated "he will not allow Brussels to cherry pick terms of the deal."
This will be the most important...
Will North Korea break out in war! Will GBPCHF settle above or below 1.30?
As North Korean tensions escalate the Swiss Franc has strengthened as Trump has been accused of declaring war on North Korea. Ri Yong Ho is the North Korean foreign minister and this is what he has claimed, the Swiss Franc has strengthened on the back of this uncertainty. If you need to buy Francs with pounds this is the type of news to be aware can have a great influence on the rates. However I would not be surprised to see it die down...
Will GBPCHF rise higher anytime soon?
I did warn that this pair would more than likely continue to slide and so it appears to be the case. With the market focusing squarely on the uncertainty ahead for the UK and investors carefully considering just how likely any pound sterling strength will be in the future, the pound continues to slide! So it looks likely to continue and the GBPCHF rate could easily break through the 1.20 level in the future.
Looking at what is actually driving the market in the future...
Sterling to Swiss Franc rate back to its 2017 starting point, how can I...
The Pound to Swiss Franc exchange rate has fallen back to its 2017 starting point levels.
Despite currently trading around the 1.2450 mark the rate has been as high as above 1.30 and as low as 1.2150. On large currency transfers such as those involved in property purchases or sales the difference between the high and low points make a considerable difference which is why being in touch with a company such as ours is important.
Not only do we offer commercial level exchange rates which...
Will GBPCHF rise or fall?
The pound is looking like it could easily struggle further in the future and any clients looking to buy the Swiss Franc with pounds should be very careful that they do not get caught out with unexpected movements against them. The main driver on the Franc has been the North Korean situation which has seen the Swiss Franc strengthening as it is a safe haven currency. In times of uncertainty such as the North Korean tensions we see assets that are classed as 'safe'...
Will the pound lose even further against the Swiss Franc?
The short answer to this question is that yes, it is more than likely the pound will lose further value against the Swiss Franc. There is lots of economic data due out next week which could easily move the rates, there is UK Inflation data and Unemployment data which is likely to confirm that the UK economy remains in the doldrums. Looking at the Swissie there is a strong chance of it appreciating further as the North Korean tensions remain, The Franc as a...
Pound to Swiss Franc exchange rates see slight dip following further poll changes (Joshua...
Pound to Swiss Franc exchange rates have seen further concerning falls overnight which remained fairly stable throughout the day.
The fall was caused by a supplementary YouGov poll to the previous poll last Thursday which pointed to a staggering reduction in the lead established by the Conservatives when the election was first announced. A lead previously of 22% could now be as little as 7-8%.
Whilst still a win for the Tories, this may not be enough to establish a majority, with some pundits expecting them to be...
GBPCHF breaks the 1.30 but quickly falls back!
The pound to Swiss Franc rate has broken 1.30 this week as sterling has risen and investors confidence over the outlook for politics in the Eurozone increased. The election of Emmanuel Macron has removed the uncertainty over the increase in Europe of right-wing parties which could have threatened the government. The overall belief is that we are in a much better position for the Swiss Franc as confidence increases over the global
The market is now looking towards the French regional elections in June as...
GBPCHF could hit 1.30!
The pound to Swiss Franc rate could hit 1.30 very soon as the market gets closer to this important level of resistance that could easily break through in the coming weeks. The overall expectations for the pound to strengthen on the back of a strong UK election for the Conservatives remain, the Franc should weaken as we get some news of who is the next French President. I personally doubt that Marine Le Pen will win but we might see some problems and weakness...
