Tag Archives: 1.) CHF

Residents walk through rubble in the Ukrainian city of Bucha on Wednesday. Hundreds of tortured and murdered civilians have been found in Bucha and other parts of the Kyiv region after the Russian army retreated from those areas. Keystone / Roman Pilipey Switzerland has so far frozen some CHF7.5 billion ($8 billion) in funds and assets under sanctions against Russians to punish Moscow’s invasion of Ukraine. These are funds in frozen accounts and properties in four...

It is only through the increase in capital goods, i.e., through the enhancement and the expansion of the infrastructure, that labor can become more productive and earn a higher hourly wage. Original Article: “Understanding Minimum Wage Mandates: Empirical Studies Aren’t Enough” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. President Joe Biden has promised to raise the minimum wage from $7.25 to $15 per hour. Some...

U.K jobless claims were released in early morning trading today, much like many economic data releases the figures were posted at an earlier than usual 07:00, we normally would see a release such as this out at 09:30. The figures, as expected were not particularly great reading for the U.K economy however there was a slight surprise in the fact that the official unemployment rate came in at 3.9% as opposed to the 4.3% which had been expected. This news shows that...

The GBP to CHF interbank exchange rate today has been ranging between 1.2017 and 1.2092. The pound looks supportive today on the back that Prime Minister Boris Johnson, is on the road to recovery from Covid-19. Swiss Economy Expected to Shrink Possible 10% Switzerland has had over 23,000 cases of the Coronavirus that has had a negative impact on their economy with current expectations that their economy could shrink as much at 10%. Many industries in Switzerland...

The pound continued to strengthen against the Swiss franc yesterday following the news that the UK’s current lockdown situation appears to be slowing the spread of COVID-19, causing a 0.85% movement in GBPCHF exchange rates throughout the day. Scientists at the London School of Hygiene & Tropical Medicine questioned 1,300 people in the UK in an online study, which found that the average number of daily contacts was down 70% now compared to before the country...

Sponsored link anchor: transferring money from Switzerland to UK Trade between the UK and Switzerland is robust these days and it’s not going to get any worse for a long time. Even with the economic turmoil resulting from Brexit, the trade between these two countries was set to stay strong due to the special deal signed by them in 2019. As the situation stands now, trade agreements are solid, so these business relationships should only strengthen. Of course, this...

Recently, the Swiss National Bank (SNB) unveiled the new 100 franc banknote. Only one note missing – © Janusz Pieńkowski | Dreamstime.com The note’s design is inspired by Switzerland’s tradition of humanitarianism, represented on the note by water. The note remains blue but is much smaller than the existing one, making it easier to fit into wallets. The note is the last one in Switzerland’s ninth series of notes to be updated. Updating the series began in April 2016...

100-Franc Note - Click to enlarge The Swiss National Bank (SNB) will begin releasing the new 100-franc note on 12 September 2019, bringing the issuance of the ninth banknote series to a close. The first denomination in the new series, the 50-franc note, entered circulation on 13 April 2016. This was followed by the 20, 10, 200 and 1000-franc notes, which were released at six or twelve-month intervals. The inspiration behind the new banknote series is ‘The many...

Sterling slides against the Swiss Franc as Brexit and the global economic outlook weigh on the Pound The pound to Swiss franc exchange rate has fallen lower below 1.20 for the GBP vs CHF pair with interbank rates currently sitting at 1.189. The slide in the pound against the Swiss franc has presented those looking to sell Swiss francs with an opportunity to convert when compared to recent months. Brexit is one factor...

Yesterday, the Swiss franc reached its highest level against the euro in two years. The EUR/CHF exchange rate reached 1.097 on 24 July 2019, a rate not seen since early 2017. Source: Valeriya Potapova - Click to enlarge Upward pressure on the franc is partly being driven by expectations of interest rate cuts by eurozone and US central banks. In addition, the franc is considered a safe haven currency and...