Tag Archives: Brexit and Swiss franc

Investec Switzerland. The promise of snow across the Alps this weekend won’t be enough to lift the gloom at some of Europe’s top ski resorts as the pound’s post-Brexit slide dents British bookings. © Gerd Kohlmus | Dreamstime.com Jon Fricker, a property developer in Beaconsfield, west of London, said some of his friends would probably back out of their annual piste reunion if the cost of a long weekend in the Portes du Soleil ski area straddling the border between France and...

In the third quarter of 2016, Swiss exports reached CHF 52.5 billion, 8.1% higher than they were for the same period in 2015, according to statisticians in Bern. Industries contributing to the rise were jewellery and precious metals (+21%) and pharmaceuticals (+17%). The industry showing the most negative shift was watchmaking (-8%). © Filmfoto | Dreamstime.com Stronger pharmaceuticals exports were behind 80% of the rise. Exports to North America (+24%) lead the way. Despite a decline in...

Investec Switzerland. Once again, someone else’s crisis is threatening to make life more difficult for the Swiss. © Juan Moyano | Dreamstime.com Ever since it abandoned an exchange-rate cap in January 2015, the Swiss National Bank has battled against the franc’s appeal as a haven, guiding the currency lower with intervention and interest-rate cuts in an effort to keep the economy competitive. The strategy is finally paying off, with the franc just posting its weakest month...