The pound to Swiss franc exchange rate still struggles to push higher amidst global uncertainty and the pressing issue of Brexit. The Swiss franc maintains the higher ground with its safe haven status amidst concerns of a global slowdown, the effects of which are already being seen across China and the EU. There are now fears that a slowdown is starting in the US which is why the US Federal Reserve has decided to not...
Read More »Strong Trade Balance Data Supports the Franc
The Swiss Franc has been boosted during early morning trading as investors find the latest Trade Balance data supportive of the economy, with the Trade Balance data coming in showing a surplus of CHF3bn. The strength of the Swiss economy is its exports; in watches, chocolate and specialized industrial engineering. The franc has risen marginally and this could represent a stronger Swiss franc down the line as investors...
Read More »Mark Carney Steadies GBP/CHF Rates on Global Viewpoint
- Click to enlarge The pound to Swiss franc exchange rate has been steadied following comments from Mark Carney during a briefing on the global economy at the Barbican centre in London yesterday. I was fortunate to be in attendance and was struck by Carney’s confident manner, although he highlighted some major risks ahead which would be key for GBP/CHF rates. Sterling was weaker going into the talks, particularly...
Read More »GBPCHF rates hit near 3-month highs
The Pound to Swiss Franc exchange rate has soared dramatically following a series of revelations in the currency markets and global economy. A big factor is of course Sterling strength, which has arisen on the back of increased feelings that the UK will avoid a no-deal Brexit. This could manifest next week in a Parliamentary vote on whether or not to rule out a no-deal Brexit. The Pound is much stronger on this news,...
Read More »GBP/CHF Forecast: Swiss Franc at Best Level against the Pound in over a year
GBP/CHF forecast: Brexit uncertainty causes Swiss Franc to gain vs the Pound The Pound is now trading at its lowest level to buy Swiss Francs in over twelve months as the political uncertainty surrounding the UK is continuing to negatively affect the value of Sterling exchange rates. Clearly the uncertainty of what may happen in the next three months before the end of March is causing investment in the UK to drop off...
Read More »GBP/CHF Forecast: Brexit Uncertainty Ahead Causing Movement for GBP/CHF
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...
Read More »FX Daily, May 23: Dollar and Yen Surge, European Data Disappoints
Swiss Franc The Euro is down by 0.53% to 1.1628 CHF. This is the fifth day in sequence that the Swiss Franc appreciated. Italy political drama is has spurred a significant rally in the Swiss franc. Over the past five days, it has been the strongest of the majors, rising 1.1% against the dollar and 1.8% against the euro. Today, it is the only major currency beside the yen that is gaining ground. Italian assets were...
Read More »FX Daily, May 17: US Rates Edge Higher, while Dollar Turns Mixed
Swiss Franc The Euro has risen by 0.02% to 1.1821 CHF. GBP and CHF The Pound has remained fairly range bound against the Swiss Franc during the last couple of weeks as the markets appear to adopting a wait and see approach as to what might happen in the medium to long term. The Pound fell marginally during this time after the Bank of England once again decided to keep interest rates on hold at a split of 7-2 in...
Read More »FX Daily, April 24: Stalled US Rates Steal Greenback’s Thunder
Swiss Franc The Euro has fallen by 0.23% to 1.1944 CHF. EUR/CHF and USD/CHF, April 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge GBP/CHF The pound to Swiss Franc rate has traded in a fairly tight range this week as a lack of any new fresh information to drive financial markets so far. A major driver for the Franc has been risk-sentiment as investors attitudes to risk shape...
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