The pound has seen a small pick up against the Swiss Franc over the last week after a run of better UK economic data has pointed to a better outlook post Brexit for the time being anyway.
The latest Confederation of Business Industry (CBI) numbers released yesterday showed manufacturing exports hit a 2 year high. This is largely as a result of the weaker pound post Brexit but all the same it highlights a very buoyant manufacturing sector which is most welcome news for Britain.
The news could not be much better and it is no surprise the pound has started to push higher against all of the major currencies including the Swiss Franc.
Unemployment data last week held steady at 4.9% although the number of individuals claiming unemployment benefit actually fell which is good news for the British economy. Retails sales for the month of July also saw a bumper month on the high street so it’s not all doom and gloom as many had predicted.
For anyone selling Swiss Francs for pounds there is without doubt an excellent opportunity to convert at this time. In light of an improving outlook at this time it may be wise to move sooner rather than later to avoid disappointment.
UK GDP numbers are released on Friday and represent the 3 month period in the run up to the referendum on EU membership. A strong or steady figure should help support the pound.
If you have an upcoming GBP or CHF currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me on 0044 1494 787 478 and ask one of the team for James. Alternatively, I can be emailed directly on firstname.lastname@example.org