Tag Archives: 1) SNB and CHF

Current Account Key figures: Current Account: Down 35.7% against Q3/2017 to 14.6 bn. CHF of which Goods Trade Balance: Down 23.9% against Q3/2017 to 10.5 bn. of which the Services Balance: Plus 8.7% to 5.0 bn. of which Investment Income: Minus 39.7% to 7.6 bn. CHF. Current Account Switzerland Q3 2018(see more posts on Switzerland Balance of Payments, Switzerland Capital Account, Switzerland Current Account,...

This morning the Swiss National Bank have left interest rates on hold at 0.75%, and market reaction between GBP/CHF has been limited. The Swiss Franc has rallied slightly against the US dollar and the Euro as forecasters were suggesting the SNB could cut interest rates further, however the events last night in the UK I believe outweighs the interest rate decision in Switzerland. GBP/CHF rates: Pound rallies against...

Fresh inflation projections likely to keep the central bank on the path of prudence. The Swiss National Bank (SNB) left its monetary policy unchanged at its quarterly meeting today. The main policy rate was left at a record low (-0.75%) and the central bank reiterated its currency intervention pledge. Importantly, the SNB’s inflation forecasts for 2019 and 2020 were significantly revised down—another argument for the...

Swiss National Bank leaves expansionary monetary policy unchanged The Swiss National Bank (SNB) is maintaining its expansio nary mo netary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign exchange...

Authored by John Rubino via DollarCollapse.com, A few years ago the Swiss National Bank (SNB) – which traditionally held “monetary assets” like government bonds, cash and gold to back up the Swiss franc – decided to branch out into common stocks. This was a departure, but for a while a brilliant one. The SNB loaded up on Big Tech like Apple, Amazon and Microsoft, and rode them to massive profits, which enriched both the...

Swiss Franc Coins - Click to enlarge In today’s GBP/CHF forecast we look at why the Pound has been coming under a huge amount of pressure recently against the Swiss Franc. Those that have been following the currency markets will be aware that the pressure on GBP is largely owing to the uncertainty caused by the ongoing Brexit talks. We are now just over a week away from arguably one of the biggest events in British...

- Click to enlarge Over the last 4 weeks the pound has continued its decline against the Swiss Franc which is no surprise. Global events including Brexit, Italian debt problems and Trade wars are prompting investors to sell off their risky currencies and invest in safe havens such as the Swiss Franc. Since the start of the month the GBP/CHF exchange rate has dropped from 1.3160 and is currently trades at 1.2685....

The Swiss Franc is known as a safe haven currency which means investors buy the franc in times of uncertainty. Over the last couple of weeks the Franc has been gaining ground against most major currencies as events around the globe unfold. Brexit key driver for Pound to Swiss Franc rate Brexit continues to put pressure on sterling and we are still waiting to find out if a vote of no confidence is called. The Prime...

The SNB’s latest 13-F form filings (yes, the Swiss central bank lists its US equity holdings like the hedge fund that it is) to the SEC were released this week. And, like every other quarter, we take a closer look to see what stocks the world’s only hedge fund central bank that prints money out of thin air bought, and on rare occasions, sold. This was one of those rare quarters. After some modest fluctuations earlier...

The Pound has made good gains against the Swiss Franc over the course of November so far, hitting the highest level we have seen since August and smashing through the 1.30 level. Sterling strength: Rumours of Brexit deal agreement lead to Sterling boost The main reasons behind the rise in value of Sterling is due to positive vibes surrounding Brexit. It appears that a Brexit deal for the UK is edging closer, but anyone...